Use the diagram below to answer the next two questions

-The deadweight loss from a tax can be represented by:

Question

Use the diagram below to answer the next two questions
 
-The deadweight loss from a tax can be represented by:

Quizplus · Accepted Answer

The deadweight loss from a tax is typically represented by a triangle in economic diagrams. This triangle illustrates the loss of economic efficiency when the supply and demand equilibrium is disturbed by a tax. The triangle FGE, without seeing the specific diagram, conventionally represents the area of lost consumer and producer surplus that neither goes to the government as tax revenue nor benefits consumers or producers, hence indicating the deadweight loss.

Use the Diagram Below to Answer the Next Two Questions