Often,the tax revenue collected by the government equals the reduced welfare of buyers and sellers caused by the tax.

Name: Often,the tax revenue collected by the government equals the reduced welfare of buyers and sellers caused by the tax.
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The tax revenue collected by the government is not equal to the reduced welfare of buyers and sellers, as taxes create a deadweight loss, which is the loss of economic efficiency when the equilibrium outcome is not achieved.

Often,the Tax Revenue Collected by the Government Equals the Reduced