Question: 6.5 In Solved Problem 9.4, what is the relationship between lost consumer surplus due to the tax, deadweight loss, and tax revenue? Discuss and reconcile
6.5 In Solved Problem 9.4, what is the relationship between lost consumer surplus due to the tax, deadweight loss, and tax revenue? Discuss and reconcile the different results in Solved Problems 9.1 and 9.4.
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