The deadweight loss from a tax of $5 per unit will be smallest in a market with

a. inelastic supply and elastic demand.b. inelastic supply and inelastic demand.c. elastic supply and elastic demand.d. elastic supply and inelastic demand.

Question

The deadweight loss from a tax of $5 per unit will be smallest in a market with



a. inelastic supply and elastic demand.b. inelastic supply and inelastic demand.c. elastic supply and elastic demand.d. elastic supply and inelastic demand.

The deadweight loss from a tax of $5 per unit will be smallest in a market with

a. inelastic supply and elastic demand.
b. inelastic supply and inelastic demand.
c. elastic supply and elastic demand.
d. elastic supply and inelastic demand.

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The deadweight loss from a tax of $5 per unit will be smallest in a market with a. inelastic supply and elastic demand.b. inelastic supply and inelastic demand.c. elastic supply and elastic demand.d. elastic supply and inelastic demand.