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    Principles of Economics Study Set 12
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    Exam 7: The Efficiency of Markets
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    Exhibit 7-11 -Refer to Exhibit 7-11. If the Government Establishes a Tax
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Exhibit 7-11 -Refer to Exhibit 7-11. If the Government Establishes a Tax

Question 37

Question 37

Multiple Choice

Exhibit 7-11 Exhibit 7-11   -Refer to Exhibit 7-11. If the government establishes a tax of $4 per bushel of wheat, the deadweight loss that results is represented by area A) D. B) A. C) C. D) F. E) B.
-Refer to Exhibit 7-11. If the government establishes a tax of $4 per bushel of wheat, the deadweight loss that results is represented by area


A) D.
B) A.
C) C.
D) F.
E) B.

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