Why do economists focus on consumer and producer surplus, Macroeconomics

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Why do economists focus on consumer and producer surplus

Question: 1. Why do economists focus on consumer and producer surplus and not on the possibility of consumer and producer loss? Illustrate your answer on a supply and demand graph.

2. What type of goods should be taxed in order to minimize deadweight loss?

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Macroeconomics: Why do economists focus on consumer and producer surplus

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Macroeconomics: Why do economists focus on consumer and producer surplus

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