If an excise tax is imposed on a product consumer surplus and producer surplus for this good will most likely change in which of the following ways

Question

Social Studies

Hana Rios

22 December, 18:13

If an excise tax is imposed on a product consumer surplus and producer surplus for this good will most likely change in which of the following ways

+3

Answers (1)

Know the Answer?

Kaya Valenzuela · Answer 1

Consumer surplus would decrease and also the producer surplus would decrease ... both would do the same for this good to most likely change in the following ways