Multiple Choice
The supply curve for liquor is the typical upward-sloping straight line,and the demand curve for liquor is the typical downward-sloping straight line.When liquor is taxed,the area on the relevant supply-and-demand graph that represents the deadweight loss is
A) larger than the area that represents consumer surplus in the absence of the tax.
B) larger than the area that represents government's tax revenue.
C) a triangle.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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