Question
If a tax on a good is doubled, the deadweight loss from
the taxSolution
If a tax on a good is doubled, the deadweight loss from the tax increases by a factor of four. Where a tax increases linearly, the deadweight loss increases as the square of the tax increase. This means that when the size of a tax doubles, the base and height of the triangle double. Thus, doubling the tax increases the deadweight loss by a factor of 4.
Consider the following statements:
1. Population change in an area is an important indicator of economic development of that region.
2. Po...
Which famous empire was established by Harihar and Bukka?
In May 2019, Prem Singh Tamang was sworn in as the Chief Minister of:
Sattriya was recognised in ______ as a Classical Dance by Sangeet Natak Akademi.
_______ is a dance-drama of semi historical tales and ballads traditional to the state of Uttar Pradesh.
The process of photosynthesis is most active in the ______ regions of the spectrum.
The climate of a place is NOT affected by which of the following?Â
 The Pradhna Mantri Garib Kalyan Ann Yojana (PMGKAY) was extended for how many months by the Central Government till November 2021 to distribute free w...
Jet streams are a particular form of:
The Reserve Bank of India has allowed banks to use ratings from Brickwork Ratings India Private Limited for loans up to Rs. _________.