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Consumer and producer surplus

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Question 4

The diagram below shows the impact of an indirect tax on the market for petrol, shifting the market supply curve from S1 S_1\,S1​ to S2S_2S2​.

Market diagram with tax

Which area represents the total reduction in consumer surplus resulting from the imposition of the tax?

Y+ZY + ZY+Z

W+XW + XW+X

W+YW + YW+Y

X+ZX + ZX+Z

Consumer and producer surplus Questions

  1. A Level
  2. /Economics
  3. /Consumer and producer surplus