ChaosHydraXx
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#1
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 ty
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confuzzledteen
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Use the indirect tax diagram showing supply shift leftwards due to the imposition of the tax
Map out the consumer surplus/ producer surplus before the tax was imposed (i.e. at equilibrium),
then the new consumer surplus/ producer surplus after the imposition of the tax.
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