answersLogoWhite

0


Best Answer

Value of wasted resources devoted to expanded domestic consumption and expenditures devoted to less desired substitutes brought about by a tariff.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

9y ago

its a loss of economic well being brought by taxation where a state imposes tax and taxed goods and services are less attractive to consumers

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the deadweight loss of a tariff?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Give an example of deadweight loss?

Deadweight loss (DWL) can be caused by taxation.


Does price gouging create a deadweight loss?

Yes, price gouging creates a deadweight loss.


How the deadweight loss influence the consumer surplus and producer surplus?

Deadweight loss reduces the amount of consumer and producer surplus.


Why does a monopoly cause a deadweight loss?

because it went to the bathroom and pooped all the deadweight


Is the loss caused by a monopoly similar to the deadweight loss from taxation?

yes!


When is the deadweight loss the greatest?

when both demand and supply are elastic


The size of a tax and the deadweight loss that results from the tax are?

Positively related


What are the determinants of the dead weight loss in economics?

The determinants of the deadweight loss in economics are the price elasticities of supply and demand.


What effect do tariffs have on consumers?

A tariff raises the price of an imported good above the world price of that good by the amount of the tariff. Domestic suppliers are then able to raise the price of their good to the price of the imported good. The rise in price causes some buyers to exit the market, and by reducing the domestic quantity demanded the consumer surplus decreases, creating a deadweight loss.


What tools help us evaluate how taxes affect economic well-being?

deadweight loss


What is deadweight loss of taxation?

its a loss of economic well being brought by taxation where a state imposes tax and taxed goods and services are less attractive to consumers


Who sang the song 'Deadweight'?

Deadweight is a song that was performed by the popular band known as "Beck". Deadweight was originally released as a single and was nominated for best song from a movie in 1998.