Question: 3. Why does the loss in total economic surplus directly experienced by participants in the market for a good that is taxed overstate the overall

3. Why does the loss in total economic surplus directly experienced by participants in the market for a good that is taxed overstate the overall loss in economic surplus that results from the tax? LO4

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Why does the loss in total economic surplus directly experienced by participants in the market for a good that is taxed overstate the overall loss in economic sur plus that results from the tax?

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