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Country of Brazil imposed a tax on coffee. The tax produces revenue of $6,500 for the government. The tax reduces consumer surplus by $3,300 and
Country of Brazil imposed a tax on coffee. The tax produces revenue of $6,500 for the government. The tax reduces consumer surplus by $3,300 and it reduces producer surplus by $4,500. What is the amount of the deadweight loss from tax on coffee?Show all the calculations!
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