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GuDViN [60]
2 years ago
12

What happens to the total surplus in a market when the government imposes a tax?.

Business
1 answer:
Simora [160]2 years ago
4 0

Total surplus decreases in a market when the government imposes a tax.

<h3>What is tax?</h3>

Tax is a compulsory levy, impose on an individual or institutions by the government of a country.

When the government levies tax on the goods produced, producers will pass some of these costs on as an increased price. This means that consumers will ultimately decrease quantity demanded and reduce producer surplus.

Learn more about taxes here : brainly.com/question/1133253

#SPJ1

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When a mortgage loan with level periodic payments has been completely repaid by the maturity date, it is said to be?
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Answer:

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Please find the complete question in the attached file.

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