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Figure 8-11 -Refer to Figure 8-11.Suppose Q₁ = 4; Q₂ = 7;

Question 351

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Figure 8-11
Figure 8-11 -Refer to Figure 8-11.Suppose Q₁ = 4; Q₂ = 7; P₁ = $6; P₂ = $8; and P₃ = $10.Then,when the tax is imposed, A) consumer surplus decreases by $11. B) producer surplus decreases by $11. C) the deadweight loss amounts to $6. D) All of the above are correct.
-Refer to Figure 8-11.Suppose Q₁ = 4; Q₂ = 7; P₁ = $6; P₂ = $8; and P₃ = $10.Then,when the tax is imposed,


A) consumer surplus decreases by $11.
B) producer surplus decreases by $11.
C) the deadweight loss amounts to $6.
D) All of the above are correct.

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