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Suppose the government introduces a new fixed price tax on a good currently traded in the market. Who is likely to suffer a loss of
Suppose the government introduces a new fixed price tax on a good currently traded in the market. Who is likely to suffer a loss of surplus from this policy? Select all that apply. [You may wish to recall that marginal means, in this context, the last person to have bought or sold; the one "sitting on the edge of the fence" as it were.] Question 9Answer a. The marginal consumer b. A consumer with elastic demand c. The marginal producer d. The government itself e. A consumer with perfectly inelastic demand f. A producer with elastic supply
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