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Figure: The Marlin for Producllvlty Apps Price $6 5 S 4 3 2.50 2 1 D1 0 1D 2D 25 30 40 50 60 Quantity

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Figure: The Marlin for Producllvlty Apps Price $6 5 S 4 3 2.50 2 1 D1 0 1D 2D 25 30 40 50 60 Quantity 16. (Figure: The Market for Productivity Apps) Use Figure: The Market for Productivity Apps. If the government imposes a tax of $1 in this market, consumers will pay more per app and purchase fewer apps. a. $0.50; 20 13. $1; 5 c. $0.50; 5 (1. $1; 25 17. If the demand and supply for luxury yachts is very elastic, then a yacht tax would lead to: a. a large deadweight loss. b. no deadweight loss. c. a small deadweight loss. d. a large amount of tax revenue but no deadweight loss. Figure: The Market for BlurI Jeans Price 555 50 45 40 35 D 'f' g. l l l ' 100 200 300 Quantity 18. (Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans. The government recently levied a $10 tax on the producers of blue jeans. What area or areas in the graph identify deadweight loss? a.d+e+f b.b+d c.a+b+c d.c+e

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