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When a tax is imposed, the resulting decrease in consumer and producer surplus is known as a ________. a.) deadweight loss b.) price floor c.)

When a tax is imposed, the resulting decrease in consumer and producer surplus is known as a ________.

  • a.)
  • deadweight loss
  • b.)
  • price floor
  • c.)
  • cost-benefit analysis
  • d.)
  • price ceiling

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