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The Graph Illustrates the Market for a Product on Which

Question 300

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The graph illustrates the market for a product on which an excise tax has been imposed by government. What is the area that represents the efficiency loss due to the tax? A) XYT B) XYZ C) WXZU D) WXYZU The graph illustrates the market for a product on which an excise tax has been imposed by government. What is the area that represents the efficiency loss due to the tax?


A) XYT
B) XYZ
C) WXZU
D) WXYZU

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