SHOW YOUR WORK. For widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping…

4. SHOW YOUR WORK. For widgets, the supply curve is the typical upward-sloping straight line, and the

demand curve is the typical downward-sloping straight line. A tax of $20 per unit is imposed on widgets.

The tax reduces the equilibrium quantity in the market by 300 units. The deadweight loss from the tax is

a. $1,750.

b. $2,250.

c. $3,000.

d. $4,500.





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