Solved: What happens to the market when the government implements, Microeconomics

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What happens to the market when the government implements

Discussion Post: Microeconomics

• What happens to the market when the government implements a tax? (Hint: think about the effect a tax has on consumer and producer surplus)

• If taxes affect the market like that, then why should we even have taxes? Think about why governments use taxes, in general, and what the tax revenue is used for.

The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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