When a tax is imposed and some of the lost surplus becomes tax revenues,the group that benefits is:
A) consumers.
B) producers.
C) recipients of government services.
D) Only the government benefits from that lost surplus.
Correct Answer:
Verified
Q19: Q20: Q22: When a tax is imposed,the surplus that Q23: Part of the surplus lost to market Q26: Considering a given increase in price due Q26: The total amount of surplus lost due Q28: When a tax is imposed,some of the Q29: In order to minimize deadweight loss generated Q29: A tax in an efficient market: Q33: When a tax is imposed, the surplus
A) increases
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