Illustrate what will happen to the consumer surplus, International Economics

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Illustrate what will happen to the consumer surplus

Problem

Suppose that the government taxes a good that is very elastic. Illustrate what will happen to the consumer surplus, producer surplus, tax revenue, and deadweight loss on a supply and demand graph.

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

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