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A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
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Q219: Refer to Figure 8-6. Total surplus with
Q269: Refer to Figure 9-3. Relative to a
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Q466: Refer to Figure 9-9. Total surplus in