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Figure 8-3 the Vertical Distance Between Points a and B Represents a Represents

Question 122

Multiple Choice

Figure 8-3
The vertical distance between points A and B represents a tax in the market. Figure 8-3 The vertical distance between points A and B represents a tax in the market.   -Refer to Figure 8-3. As a result of the tax, A) consumer surplus decreases from $200 to $80. B) producer surplus decreases from $200 to $145. C) the market experiences a deadweight loss of $80. D) total surplus increases from $180 to $200.
-Refer to Figure 8-3. As a result of the tax,


A) consumer surplus decreases from $200 to $80.
B) producer surplus decreases from $200 to $145.
C) the market experiences a deadweight loss of $80.
D) total surplus increases from $180 to $200.

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