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    Principles of Economics Study Set 8
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    Exam 8: Applications: The Costs of Taxation
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    Illustrate on Three Demand-And-Supply Graphs How the Size of a Tax
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Illustrate on Three Demand-And-Supply Graphs How the Size of a Tax

Question 44

Question 44

Essay

Illustrate on three demand-and-supply graphs how the size of a tax (small, medium and large) can alter total revenue and deadweight loss.

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