Suppose that the government imposes a sales tax that causes the equilibrium price to go up.Draw a graph showing the original supply curve,the new supply curve,and the demand curve.Use this graph to show:
(A)The deadweight loss resulting from the tax.
(B)The amount of revenue collected by the government.
(C)The effect the tax has on producer surplus and consumer surplus.

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The Answer of Suppose that the government imposes a sales tax that causes the equilibrium price to go up.Draw a graph showing the original supply curve,the new supply curve,and the demand curve.Use this graph to show:
(A)The deadweight loss resulting from the tax.
(B)The amount of revenue collected by the government.
(C)The effect the tax has on producer surplus and consumer surplus.

Suppose That the Government Imposes a Sales Tax That Causes