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    Principles of Microeconomics
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    Exam 8: Application: the Costs of Taxation
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    Figure 8-5 -Refer to Figure 8-5.What Would Happen to Total Surplus in to Total
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Figure 8-5 -Refer to Figure 8-5.What Would Happen to Total Surplus in to Total

Question 6

Question 6

Multiple Choice

Figure 8-5
Figure 8-5    -Refer to Figure 8-5.What would happen to total surplus in this market if the tax were imposed on the seller A) It would fall by $1500. B) It would increase by $1500. C) It would fall by $3000. D) It would increase by $3000.
-Refer to Figure 8-5.What would happen to total surplus in this market if the tax were imposed on the seller


A) It would fall by $1500.
B) It would increase by $1500.
C) It would fall by $3000.
D) It would increase by $3000.

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