A government is considering imposing a tax on a market: in Market 1 the tax would have a significant effect on the price sellers receive, but it would not affect the quantity sold significantly; in Market 2, the same size of tax would have an insignificant effect on the price sellers receive, but it would have a significant effect on the quantity sold. Which market would have the smallest deadweight loss from the tax? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Market 1 Market 2 It will be the same in Market 1 and 2 We need to know the prices in these markets to answer this question

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