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ss7ja [257]
3 years ago
10

For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping s

traight line. A tax of $15 per unit is imposed on good X. The tax reduces the equilibrium quantity in the market by 300 units. The deadweight loss from the tax is

Business
1 answer:
Pepsi [2]3 years ago
6 0

Answer:

deadwweight loss $2,250

Explanation:

The deadweight loss is the area loss between the new consumer and producer surplus after-taxes and the previous consumer and prodcuer surplus after taxes

As this is a straight line then we have the area of a triangle which height is

P2 - P1 in this case the $15 tax levied

and Q2 - Q1 as the high of the triangle in this case 300 units

We now sovle for the area of the triangle:

300 x 15 / 2 = 2,250

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Answer:Flint corporation journal $

Date

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Suppose that in a given month $40 million is deposited into the banking system while $50 million is withdrawn. Assume that the r
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Explanation:

$40 million was deposited while $50 million was withdrawn.

The net change in the banking system would therefore be,

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Change in Money Supply is,

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