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Suppose demand and supply of gasoline are given by the following linear functions: Qd = 100 - 20P QS = 50 + 10P where Q

Suppose demand and supply of gasoline are given by the following linear functions: Qd = 100 - 20P QS = 50 + 10P where Q is the quantity in millions of litres and P is the price per litre. Suppose a tax of $1.00 per litre is imposed on gasoline. The deadweight loss equals: O A. $2. 13 million O B. $4.03 million O C. $3.33 million O D. $2.70 million Unsure

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