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2 years ago

A deadweight loss is a consequence of a tax on a good because the tax

Business

1 answer:

mamaluj [8]2 years ago

4 0

Answer:

b. induces buyers to consume less, and sellers to produce less.

Explanation:

Because of the increase of tax on each good, it will cause a deadweight loss. At higher tax rates we consumers tend to consume less, the decrease in demand will inevitably decrease the supply therefore sellers will produce less.

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