Exhibit 7-9
-Refer to Exhibit 7-9. The total welfare after the tax is the area:

Name: Exhibit 7-9 -Refer to Exhibit 7-9. The total welfare after the tax is the area:
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Question

​Exhibit 7-9 
-Refer to Exhibit 7-9. The total welfare after the tax is the area:

Quizplus · Accepted Answer

The total welfare after the tax is the sum of consumer surplus (b), producer surplus (d), tax revenue (f), and the deadweight loss (a). Therefore, the area a + b + d + f represents total welfare after the tax.

​Exhibit 7-9 -Refer to Exhibit 7-9. the Total Welfare After the Tax

Exhibit 7-9 -Refer to Exhibit 7-9. the Total Welfare After the Tax