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Which of the following occur when a gov. taxes a good or service? Select all correct choices. A. Consumer surplus is reduced B. Producer surplus
Which of the following occur when a gov. taxes a good or service? Select all correct choices. A. Consumer surplus is reduced B. Producer surplus is reduced C. Consumer surplus is increased D. Deadweight loss is eliminated E. Produce Surplus is increased F. Economic efficiency is reduced G. Economic efficiency is increased
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