Create two demand and supply diagrams in excel to demonstrate the following:   In your first diagram show the negative externality of consuming too much fast food. Carefully label your diagram and identify the deadweight loss.   In your second diagram add a tax to this market. Highlight what happens to consumption.   In a dot point below your last diagram briefly tell us whether the second diagram has a deadweight loss.

Economics:
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Author:BOYES, William
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Chapter19: Using Economics To Understand The World Around You
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Problem 9E: The United States government subsidizes many so-called green companies. For instance, it has given...
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Create two demand and supply diagrams in excel to demonstrate the following:

 

In your first diagram show the negative externality of consuming too much fast food. Carefully label your diagram and identify the deadweight loss.

 

In your second diagram add a tax to this market. Highlight what happens to consumption.

 

In a dot point below your last diagram briefly tell us whether the second diagram has a deadweight loss.

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