Figure 9-17
-Refer to Figure 9-17.The deadweight loss caused by the tariff is

Name: Figure 9-17 -Refer to Figure 9-17.The deadweight loss caused by the tariff is
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Figure 9-17 
-Refer to Figure 9-17.The deadweight loss caused by the tariff is

Quizplus · Accepted Answer

The deadweight loss is the triangle below the demand curve and above the supply curve. The height of the triangle is $6, and the base is 4. So the area of the triangle is $12. The deadweight loss is twice this, or $24.

Figure 9-17 -Refer to Figure 9-17.The Deadweight Loss Caused by the Tariff