What are the determinants of deadweight loss what is, Microeconomics

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What are the determinants of deadweight loss what is

Assignment: Intermediate Microeconomics

1. The graph below describes how tax affects welfare in an economy. Using the knowledge gained from this subject explain the graph and give the name of the area shaded C and E.

2. What are the determinants of deadweight loss?

3. What is Taxation? Explain the difference between direct and indirect tax?

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