Question 34
The market demand curve for pizzas is P=300-Q and the market supply curve is P=60+2Q. A tax of t=15 INR is imposed on one unit of pizza sold. Answer the given subquestions.
Deadweight loss of tax is
INR 48.5
INR 37.5
INR 89.5
INR 68.5
Question 34: Deadweight loss of tax is
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Correct answer
INR 37.5
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Question 34 of 41 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 28 Apr 2024, in the January 2024 term (IIT M DEGREE AN EXAM QDB3 28 Apr 2024). It carries 1 mark.
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