Multiple Choice
All of the following occur whenever a government taxes a product except
A) the quantity consumed of that product falls.
B) the price of that product rises.
C) the marginal benefit of the last unit sold exceeds the marginal cost of producing it.
D) there will be no excess burden if the government's tax revenue is sufficiently large to offset the deadweight loss.
Correct Answer:
Verified
Correct Answer:
Verified
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