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Montclair State University *

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563

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Economics

Date

Nov 24, 2024

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1

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Price . - - - - - - - Quantity Figure 4-10 shows the market for a good before and after an excise tax 1s imposed. What does the triangular area C represent? a. the deadweight loss accompanying the tax @ b. the tax revenue derived from sellers c. the tax revenue derived from buyers d. the total tax revenue generated by the tax _Hide Feedba o Correct ¥ Solution Correct Response a
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