When a tax is imposed,consumer surplus and producer surplus are reallocated to
A) social welfare.
B) tax revenue and deadweight loss.
C) tax revenue.
D) deadweight loss.
E) government spending on public services.
Correct Answer:
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Q84: The deadweight loss from a tax is
Q85: The deadweight loss from a tax is
Q86: The net cost to society from the
Q87: The deadweight loss from a tax is
Q88: Assume that a $0.25/gallon tax on milk
Q90: In the long run,both supply and demand
Q91: The cost to society created by distortions
Q92: Assume that a $0.10/pound tax on apples
Q93: The per-unit dollar amount of a tax
Q94: Deadweight loss is defined as
A) the cost
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