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-The Figure Above Shows the Labor Supply and Labor Demand

Question 121

Multiple Choice

  -The figure above shows the labor supply and labor demand curves for personal trainers in the state of Florida.The initial equilibrium hourly wage is $10.Suppose the state of Florida institutes an income tax on labor income of $6 an hour in order to buy voting machines for the next election.The deadweight loss from this tax equals the region A)  abe. B)  bce. C)  cef. D)  efg. E)  cdf.
-The figure above shows the labor supply and labor demand curves for personal trainers in the state of Florida.The initial equilibrium hourly wage is $10.Suppose the state of Florida institutes an income tax on labor income of $6 an hour in order to buy voting machines for the next election.The deadweight loss from this tax equals the region


A) abe.
B) bce.
C) cef.
D) efg.
E) cdf.

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