Question 18
The market demand curve for pizzas is P=420-Q and the market supply curve is P=60+2Q. A tax of t=12 INR is imposed on one unit of pizza sold. Answer the given subquestions.
The loss in consumer surplus due to incidence of tax is, ΔCS= ….
Question 18: The loss in consumer surplus due to incidence of tax is,…
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Correct answer: 472
Question 18 of 43 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 13 Sept 2026, in the May 2026 term (Managerial Economics 13 Sep 26 (Session 2)). It carries 1 mark.
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