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when both demand and supply are elastic
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∙ 11y ago
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Give an example of deadweight loss?
Deadweight loss (DWL) can be caused by taxation.
Does price gouging create a deadweight loss?
Yes, price gouging creates a deadweight loss.
How the deadweight loss influence the consumer surplus and producer surplus?
Deadweight loss reduces the amount of consumer and producer surplus.
Why does a monopoly cause a deadweight loss?
because it went to the bathroom and pooped all the deadweight
Is the loss caused by a monopoly similar to the deadweight loss from taxation?
yes!
Give an example of deadweight loss?
Deadweight loss (DWL) can be caused by taxation.
Does price gouging create a deadweight loss?
Yes, price gouging creates a deadweight loss.
How the deadweight loss influence the consumer surplus and producer surplus?
Deadweight loss reduces the amount of consumer and producer surplus.
Why does a monopoly cause a deadweight loss?
because it went to the bathroom and pooped all the deadweight
Is the loss caused by a monopoly similar to the deadweight loss from taxation?
yes!
The size of a tax and the deadweight loss that results from the tax are?
Positively related
What are the determinants of the dead weight loss in economics?
The determinants of the deadweight loss in economics are the price elasticities of supply and demand.
What tools help us evaluate how taxes affect economic well-being?
deadweight loss
What is deadweight loss of taxation?
its a loss of economic well being brought by taxation where a state imposes tax and taxed goods and services are less attractive to consumers
Who sang the song 'Deadweight'?
Deadweight is a song that was performed by the popular band known as "Beck". Deadweight was originally released as a single and was nominated for best song from a movie in 1998.
Does the government intervention in the market can cause the deadweight loss?
Yes, there is a significant amount of a dead weight loss, this is simply because the government has an opportunity cost. Intervention by the government must be very strategic or else.
Why do experts disagree about whether labor taxes have small or large deadweight losses?
These are often based on opinions. They will form it based on the information that they have and what they consider a large or small loss.
