What Happens to the Total Surplus in a Market When

question 188

Multiple Choice

What happens to the total surplus in a market when the government imposes a tax?

• A)Total surplus increases by the amount of the tax.
• B)Total surplus increases but by less than the amount of the tax.
• C)Total surplus decreases.
• D)Total surplus is unaffected by the tax.

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The practice of behaving in ways that are morally accepted as good or right, particularly in a professional setting.

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The ability to understand others at work and to use such knowledge to influence others to act in ways that enhance one's personal or organizational objectives.