(Figure: Impact of Tax on Market Equilibrium) Based on the graph, the deadweight loss created by the tax equals _____, and it is borne primarily by the _____.

A) $60; buyer
B) $60; seller
C) $120; buyer
D) $120; seller

Question

(Figure: Impact of Tax on Market Equilibrium) Based on the graph, the deadweight loss created by the tax equals _____, and it is borne primarily by the _____.

A) $60; buyer 
B) $60; seller 
C) $120; buyer 
D) $120; seller

Quizplus · Accepted Answer

The Answer of (Figure: Impact of Tax on Market Equilibrium) Based on the graph, the deadweight loss created by the tax equals _____, and it is borne primarily by the _____.

A) $60; buyer 
B) $60; seller 
C) $120; buyer 
D) $120; seller

(Figure: Impact of Tax on Market Equilibrium) Based on the Graph