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Figure 8-3 the Vertical Distance Between Points a and C Represents a Represents

Question 185

Multiple Choice

Figure 8-3
The vertical distance between points A and C represents a tax in the market. Figure 8-3 The vertical distance between points A and C represents a tax in the market. -Refer to Figure 8-3.The loss in consumer surplus caused by the tax is measured by the area A) P1P3AC. B) P3ABP2. C) P1P3ABC. D) ABC.
-Refer to Figure 8-3.The loss in consumer surplus caused by the tax is measured by the area


A) P1P3AC.
B) P3ABP2.
C) P1P3ABC.
D) ABC.

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