The total burden of a tax is $10,000 and the tax revenue from this tax is $8,000. The excess burden of this tax is

In the above figure, between 20 and 25 units per hour, the firm experiences

A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) increasing total fixed costs.

A rightward shift of a demand curve represents a decrease in demand

a. True b. False