Suppose Max values a concert ticket at $45. Charles values the same concert ticket at $40. The pre-tax price of a concert ticket is $30. The government imposes a tax of $5 on each concert ticket, and the price rises to $35. The deadweight loss from the tax is
A)$15.
B)$10.
C)$5.
D)$0.

Question

Quizplus · Accepted Answer

The Answer of Suppose Max values a concert ticket at $45. Charles values the same concert ticket at $40. The pre-tax price of a concert ticket is $30. The government imposes a tax of $5 on each concert ticket, and the price rises to $35. The deadweight loss from the tax is
A)$15.
B)$10.
C)$5.
D)$0.

Suppose Max Values a Concert Ticket at $45