Question

(2 points) Suppose that an excise tax of $3 is imposed (paid by producer). Graphically show how this affects the price paid in the market and the number of goods purchased. Make sure to include the consumer surplus, producer surplus, government revenue, and deadweight loss on your graph.

Answer 1

1. 2years of hard work
2. 4years of relation ship

Step-by-step explanation:

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