When the imposition of an excise tax causes the quantity demanded and quantity supplied to decrease, this will result in:
A.deadweight loss.
B.increases in producer surplus.
C.increases in consumer surplus.
D.increases in both consumer and producer surplus.

Question

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The Answer of When the imposition of an excise tax causes the quantity demanded and quantity supplied to decrease, this will result in:
A.deadweight loss.
B.increases in producer surplus.
C.increases in consumer surplus.
D.increases in both consumer and producer surplus.

When the Imposition of an Excise Tax Causes the Quantity