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Which labeled area represents the overall loss to the quantity that producers would be willing to supply in the economy as a result of instituting

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  1. Which labeled area represents the overall loss to the quantity that producers would be willing to supply in the economy as a result of instituting an excise tax?

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Price eBay Fall in consumer S surplus due to tax PC Excise = T A B PE C F PP Fall in producer surplus D due to tax I O OT QE Quantity

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