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    Microeconomics Principles for a Changing World
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    Exam 5: Elasticity
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    (Figure: Impact of Tax on Market Equilibrium) Based on the Graph
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(Figure: Impact of Tax on Market Equilibrium) Based on the Graph

Question 190

Question 190

Multiple Choice

(Figure: Impact of Tax on Market Equilibrium) Based on the graph, the deadweight loss created by the tax equals _____, and it is borne primarily by the _____.
(Figure: Impact of Tax on Market Equilibrium)  Based on the graph, the deadweight loss created by the tax equals _____, and it is borne primarily by the _____.   A)  $60; buyer B)  $60; seller C)  $120; buyer D)  $120; seller


A) $60; buyer
B) $60; seller
C) $120; buyer
D) $120; seller

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