The number of seats in a football stadium is fixed at 70,000. The city decides to impose a tax of $10 per ticket. In response, the team management raises the ticket price from $30 to $40 and still sells all 70,000 tickets. The tax caused a change in the consumer surplus of , a change in the producer surplus of , and a deadweight loss of .
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The number of seats in a football stadium is fixed at 70,000. The city decides to impose a tax of $1...
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