ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Explain conceptually how part of a tax comes out of consumer surplus, while some comes out of producer surplus. How is this distinct from how much consumers lose to deadweight loss

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When a tax is imposed on a market, it affects both consumers and producers, with the tax burden falling partly on each.

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