1 total surplus in a market does not change when the, Ask an Expert

Economics

1. Total surplus in a market does not change when the government imposes a tax on that market because the loss of consumer surplus and producer surplus is equal to the gain of government revenue.

a. True

b. False

2. The Laffer curve is the curve showing how tax revenue varies as the size of the tax varies.

a. True

b. False

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423636

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