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Refer to Figure 8-1. Suppose the government imposes a tax of P' - P'''. The area measured by M represents a. consumer surplus before the
Refer to Figure 8-1. Suppose the government imposes a tax of P' - P'''. The area measured by M represents a. consumer surplus before the tax. b. consumer surplus after the tax. c. producer surplus after the tax. d. producer surplus before the tax
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