Macroeconomics

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Introduction to Taxes

Effects of Taxes on a Market

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Effects of Taxes

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Problem

If a tax has caused the market-clearing quantity to fall to Q2, what is consumer surplus?

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Problem

If a tax has caused the market-clearing quantity to fall to Q2, what is total economic surplus?