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Use the Following Figure to Answer the Question: Figure

Question 75

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Use the following figure to answer the question: Figure 5-2 :shows the quantity demanded of a good at various prices.Use the following figure to answer the question: Figure 5-2 :shows the quantity demanded of a good at various prices. -Refer to Figure 5-2.The deadweight loss of an excise subsidy that lowers the price from P<sub>1</sub> to P<sub>2</sub> is area _____. A) P<sub>1</sub>ACP<sub>2</sub> B) P<sub>1</sub>BCP<sub>2</sub> C) ADC D) ABC
-Refer to Figure 5-2.The deadweight loss of an excise subsidy that lowers the price from P1 to P2 is area _____.


A) P1ACP2
B) P1BCP2
C) ADC
D) ABC

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