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Principles of Macroeconomics (Mind...

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781285165912
BuyFind

Principles of Macroeconomics (Mind...

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781285165912

Solutions

Chapter
Section
Chapter 8, Problem 1QCMC
Textbook Problem

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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