Figure 9-3
-Refer to Figure 9-3. The amount of deadweight loss caused by the tariff equals

Name: Figure 9-3 -Refer to Figure 9-3. The amount of deadweight loss caused by the tariff equals
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Question

Figure 9-3 
-Refer to Figure 9-3. The amount of deadweight loss caused by the tariff equals

Quizplus · Accepted Answer

The deadweight loss is the triangle below the demand curve and above the supply curve. In this case, the triangle is a right triangle with a base of 10 and a height of 20. The area of a triangle is (1/2) * base * height, so the area of this triangle is (1/2) * 10 * 20 = 100.

Figure 9-3 -Refer to Figure 9-3. the Amount of Deadweight Loss Caused