“#1. what happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? explain#2. Why do experts diasgree about wheather labor taxes have small or large deadweight losses?#3. What happens to the deadweight loss and tax revenue when tax is increased?I just need short define answers for each question on here. Its for a microeconimics college class.
#1. what happens to consumer and producer surplus when the sale of a good istaxed? How does the change in consumer and producer surplus compare to thetax revenue? Explainfollowing the imposition…
