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The graph shows the market for bicycles. The deadweight loss from a $300 excise tax is $_____. A graph shows supply and demand curves with
The graph shows the market for bicycles. The deadweight loss from a $300 excise tax is $_____. A graph shows supply and demand curves with Quantity of bicycles (per day) along the horizontal axis and Price of bicycles along the vertical axis. The demand curve has a negative slope, which starts at 2 bicycles, 400 dollars and ends at 8 bicycles, 100 dollars. The supply curve has a positive slope, which starts at 2 bicycles, 100 dollars and ends at 8 bicycles, 400 dollars. The curves intersect at 5 bicycles, 250 dollars
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