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

Question 10

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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)  the government collects $28 in tax revenue. B)  producer surplus decreases by $13. C)  consumer surplus decreases by $11. D)  the deadweight loss amounts to $9.
-Refer to Figure 8-11. Suppose Q1 = 4; Q2 = 7; P1 = $6; P2 = $8; and P3 = $10. Then, when the tax is imposed,


A) the government collects $28 in tax revenue.
B) producer surplus decreases by $13.
C) consumer surplus decreases by $11.
D) the deadweight loss amounts to $9.

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