Inefficiency created by tax in economic and quantitative analysis

ECONOMIC AND QUANTITATIVE ANALYSIS ECONOMIC AND QUANTITATIVE ANALYSIS 6 6 ECONOMIC AND QUANTITATIVE ANALYSIS Economic and Quantitative Analysis Authors Note: Contents Answer 1: 2 Answer 2: 2 Answer 3: 4 References: 6 Answer 1: The demand and supply diagram below shows the inefficeincy created by tax in an efficeint market. Size of DWL changes shown in the diagram below: Part d: In