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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 11
A tax on a good has a deadweight loss if
A) the reduction in consumer and producer surplus is greater than the tax revenue.
B) the tax revenue is greater than the reduction in consumer and producer surplus.
C) the reduction in consumer surplus is greater than the reduction in producer surplus.
D) the reduction in producer surplus is greater than the reduction in consumer surplus.
A) the reduction in consumer and producer surplus is greater than the tax revenue.
B) the tax revenue is greater than the reduction in consumer and producer surplus.
C) the reduction in consumer surplus is greater than the reduction in producer surplus.
D) the reduction in producer surplus is greater than the reduction in consumer surplus.
Explanation
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Essentials of Economics 7th Edition by Gregory Mankiw
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