A tax on a good has a deadweight loss if a. the reduction in consumer and producer surplus is greater than the tax revenue. b. the tax revenue is greater than the reduction in consumer and producer surplus. c. the reduction in consumer surplus is greater than the reduction in producer surplus. d. the reduction in producer surplus is greater than the reduction in consumer surplus.
Principles of Macroeconomics (Mind...
Principles of Macroeconomics (Mind...
A tax on a good has a deadweight loss if
a. the reduction in consumer and producer surplus is greater than the tax revenue.
b. the tax revenue is greater than the reduction in consumer and producer surplus.
c. the reduction in consumer surplus is greater than the reduction in producer surplus.
d. the reduction in producer surplus is greater than the reduction in consumer surplus.
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