Figure 8-2 the Vertical Distance Between Points a and B Represents a Represents

question 213

Multiple Choice

Figure 8-2
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-2.The loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is

• A)$0.
• B)$1.
• C)$2.
• D)$3.

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Definitions:

Imagination

The ability of the mind to be creative or resourceful, forming new ideas or concepts of external objects not present to the senses.