The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss?
A) A
B) B
C) C
D) D
E) A and D
A
Economics
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Comment on the statement from an opportunity cost perspective: “The major cost of going to college is the $15,000 per year in tuition.” Assume that a person could have earned $30,000 a year if the person did not go to college
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Economics