Suppose that the supply curve in a market is upward sloping


Suppose that the supply curve in a market is upward sloping and that the demand curve is totally inelastic. In a free market the price is $30 per ton. If an excise tax of $2 per ton is imposed in the market, what will be the resulting deadweight loss?

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Econometrics: Suppose that the supply curve in a market is upward sloping
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