A tax is imposed on a certain good. The tax produces revenue of $3500 for the government. The tax reduces consumer surplus by $5000 and
A tax is imposed on a certain good. The tax produces revenue of $3500 for the government. The tax reduces consumer surplus by $5000 and it reduces producer surplus by $2000. What is the amount of deadweight loss of the tax?
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Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
