Suppose the market for aluminum is given by the following diagram. Suppose that the government imposes a tax equal to $20 on the market. pnce 100 80 Sup jly 60 40 Demand 20 20 10 60 80 100 120 140 How large is the DWL after the tax is imposed? O a. 500 O b.200 O C. zero O d. 800
Suppose the market for aluminum is given by the following diagram. Suppose that the government imposes a tax equal to $20 on the market. pnce 100 80 Sup jly 60 40 Demand 20 20 10 60 80 100 120 140 How large is the DWL after the tax is imposed? O a. 500 O b.200 O C. zero O d. 800
Chapter1: Making Economics Decisions
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
Transcribed Image Text:QUESTION 11
Suppose the market for aluminum is given by the following diagram. Suppose that the government imposes a tax equal to $20 on the market.
pice
100
80
Sup ily
60
40
Demand
20
20
10
60
80
100
120
140
How large is the DWL after the tax is imposed?
O a. 500
O b. 200
O C. zero
O d. 800
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