Taxes must be collected to pay for the purchases of


Taxes must be collected to pay for the purchases of surplus cheese by the usda. as a result, total surplus (producers plus consumers) is reduced by the amount the usda spent on buying surplus cheese. Using your answers for parts d, e, and f, what is the total surplus when there is a price floor?

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Microeconomics: Taxes must be collected to pay for the purchases of
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