Graph 8-1 
-According to Graph 8-1, the tax caused a reduction in producer surplus, it is represented by area:
Definitions:
Gold Standard
A monetary system where a country's currency has a value directly linked to gold, allowing it to be freely converted into fixed amounts of gold.
International Currency
A currency that is used for international trade and investment, accepted across national borders.
U.S. Dollars
The official currency of the United States, widely used as a standard of exchange in international markets.
Depreciate
A decrease in the value of an asset over time.
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