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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 8: Application: the Costs of Taxation
  5. Question
    Figure 8-2 the Vertical Distance Between Points a and B Represents a Represents
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Figure 8-2 the Vertical Distance Between Points a and B Represents a Represents

Question 454

Question 454

Multiple Choice

Figure 8-2
The vertical distance between points A and B represents a tax in the market. Figure 8-2 The vertical distance between points A and B represents a tax in the market.   -Refer to Figure 8-2. The loss of consumer surplus for those buyers of the good who continue to buy it after the tax is imposed is A)  $0. B)  $1.50. C)  $3. D)  $4.50.
-Refer to Figure 8-2. The loss of consumer surplus for those buyers of the good who continue to buy it after the tax is imposed is


A) $0.
B) $1.50.
C) $3.
D) $4.50.

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