Which of the following is the best description of “deadweight loss”? A. The decrease in total surplus resulting from the removal of excise tax B. The decrease in total surplus resulting from the “distortion” to the market from a tax  C. The increase in total surplus resulting from the removal of excise tax D. The increase in total surplus resulting from the “distortion” to the market from a tax
Which of the following is the best description of “deadweight loss”? A. The decrease in total surplus resulting from the removal of excise tax B. The decrease in total surplus resulting from the “distortion” to the market from a tax  C. The increase in total surplus resulting from the removal of excise tax D. The increase in total surplus resulting from the “distortion” to the market from a tax
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 6CQQ
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Which of the following is the best description of “deadweight loss ”?
A. The decrease in total surplus resulting from the removal of excise tax
B. The decrease in total surplus resulting from the “distortion” to the market from a tax 
C. The increase in total surplus resulting from the removal of excise tax
D. The increase in total surplus resulting from the “distortion” to the market from a tax
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