ChaosHydraXx
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What kind of diagram can I use for this question does anyone know?
Explain how the imposition of a tax on a good or service affect both consumer surplus and producer surplus
Please let me know tyAttachment 1018975
Last edited by ChaosHydraXx; 1 month ago
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Hanna044
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(Original post by ChaosHydraXx)
What kind of diagram can I use for this question does anyone know?
Explain how the imposition of a tax on a good or service affect both consumer surplus and producer surplus
Please let me know tyAttachment 1018975
I would draw first a normal diagram, with a supply and demand curve. Then you could draw another line, imposing the tax.
You know where you can find the consumer and the producer surplus?
Maybe check some YouTube videos on this, they explain that very good and you see sample diagrams
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