When the Imposition of an Excise Tax Causes the Quantity

question 117

Multiple Choice

When the imposition of an excise tax causes the quantity demanded and quantity supplied to decrease relative to the no-tax equilibrium,this will result in:

• A)deadweight loss.
• B)increases in producer surplus.
• C)increases in consumer surplus.
• D)increases in both consumer and producer surplus.

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Definitions:

Immediate Supervisor

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CEO

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