Business, 31.03.2020 02:57 jgunt8277

Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when a tax is placed on buyers. c. loss of profits to business firms when a tax is imposed. d. decline in total surplus that results from a tax.

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Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decli...

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