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Figure: Tax

Question 22

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Figure: Tax Figure: Tax Refer to figure. After instituting a $2 tax on the market in this figure, calculate the loss in consumer surplus, the loss in producer surplus, the government's revenue from the tax, and the area of deadweight loss.
Refer to figure. After instituting a $2 tax on the market in this figure, calculate the loss in consumer surplus, the loss in producer surplus, the government's revenue from the tax, and the area of deadweight loss.

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Consumer surplus BEFORE the tax was equa...

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