Andrea gives piano lessons. She has an opportunity cost of $50 per lesson and charges $60. Andrea
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Andrea gives piano lessons. She has an opportunity cost of $50 per lesson and charges $60.
Andrea has two students: Amy, who has a willingness to pay $70, and Carl, who has a willingness to pay $90. When the government puts a $20 tax on piano lessons and Andrea raises her price to $80, the deadweight loss is ___ and the tax revenue is ___.
a $10, $20 b $10, $40 c $20, $20 d $20, $40
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