Question
Supposed to market your tea is characterized by a downward sloping demand curve and an upward slope the supply curve. Further, Suppose we use consumer
Supposed to market your tea is characterized by a downward sloping demand curve and an upward slope the supply curve. Further, Suppose we use consumer surplus and producer surplus as measures of well-being and participant in the tea market it follows that typically when an excess tea is levied on sellers of teas, Ceteris paribus.
A, The well-being of both sellers and buyers of tea is unaffected.
b,Sellers of tea or made worse off and will be here buyers is unaffected.
C, Sellers of tea or made worse off and buyers of tea are much better off.
D,Both sellers and buyers of tea or made worse off.
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