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the loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is

1 Answer

5 votes

Answer:

$60

Step-by-step explanation:

According to information on your question. We are to note that an absence or reduction of suppliers could lead to lower supply.

As in this case, the producer supply loss of $60 was incurred as some sellers dropped out of the market as a result of the tax.

the loss of producer surplus associated with some sellers dropping out of the market-example-1
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