Statements best captures the concept of deadweight loss

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Reference no: EM131112725

Which of the following statements best captures the concept of deadweight loss?

A. "I would have consumed a lot more beer if the price had not been so high."

B. "Iwould have sold a lot more beer if the price had not been so low."

C. "The government will waste much of the tax revenue it collects."

D. "I would have been willing to pay more for a keg of beer than the supplier was willing to accept, but I'm not willing to pay enough to cover the tax."

Reference no: EM131112725

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