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Suppose demand is downward sloping and supply is upward sloping. Which of the following statements is most correct? Opening a market to trade increases total
Suppose demand is downward sloping and supply is upward sloping. Which of the following statements is most correct?
Opening a market to trade increases total surplus, thereby improving the welfare of both producers and consumers.
A tax will always produce a deadweight loss but a price ceiling will not always produce a deadweight loss.
A decrease in supply always makes sellers worse off.
The government can always increase tax revenue by increasing the per unit tax.
dont answer by pen paper
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