2 Andrea gives piano lessons. She has an opportunity cost of $50 per lesson and charges $60....
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2 Andrea gives piano lessons. She has an opportunity cost of $50 per lesson and charges
$60. Andrea has two students: Amy, who has a willingness to pay $70, and Carl, who has a willingness to pay $90. When the government puts a $20 tax on piano lessons and Andrea raises her price to $80, the deadweight loss is __ and the tax revenue is __ .
a $10,$20 b $10, $40
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Related Book For
Principles Of Microeconomics
ISBN: 125206
8th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw
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