Figure 9-12

-Refer to Figure 9-12.As a result of the tariff,what would deadweight loss be

Question

Figure 9-12
 
-Refer to Figure 9-12.As a result of the tariff,what would deadweight loss be

Quizplus · Accepted Answer

Deadweight loss is the loss of consumer and producer surplus that occurs when there is a market inefficiency, such as a tariff. In this diagram, the deadweight loss is represented by the area D + F, which is the triangle that is created between the demand curve, the supply curve, and the new equilibrium price after the tariff is imposed. Therefore, the best choice is C.

Figure 9-12 -Refer to Figure 9-12.As a Result of the Tariff,what Would