1 A tax on a good has a deadweight loss if a the reduction in consumer and...

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1 A tax on a good has a deadweight loss if a the reduction in consumer and producer surplus is greater than the tax revenue.

b the tax revenue is greater than the reduction in consumer and producer surplus.

c the reduction in consumer surplus is greater than the reduction in producer surplus.

d the reduction in producer surplus is greater than the reduction in consumer surplus.

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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