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Figure 8-7 the Vertical Distance Between Points a and B Represents a Represents

question 246

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Figure 8-7
The vertical distance between points A and B represents a tax in the market.
Figure 8-7 The vertical distance between points A and B represents a tax in the market.    -Refer to Figure 8-7.Which of the following statements is correct? A)  Total surplus before the tax is imposed is $250. B)  After the tax is imposed, consumer surplus is 45 percent of its pre-tax value. C)  After the tax is imposed, producer surplus is 45 percent of its pre-tax value. D)  All of the above are correct.
-Refer to Figure 8-7.Which of the following statements is correct?


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