The Marshallian variety of this goes to zero when either the demand or supp
The Marshallian variety of this goes to zero when either the demand or supply curve is perfectly elastic or inelastic; thus, it is directly correlated to the consumer surplus. The Hicksian variety acknowledges the possibility of its causation by a distortion in the Marshallian demand curve. It can be calculated by squaring the value of the tax that causes it, although other causes include externalities and monopoly pricing. For 10 points, name this economic quantity, the net shortfall to society due to an inefficient market.
The Marshallian variety of this goes to zero when either the demand or supply curve is perfectly elastic or inelastic; thus, it is directly correlated to the consumer surplus.