The difference between what buyers pay for a unit of a good and what sellers receive...

The difference between what buyers pay for a unit of a good and what sellers receive is known as the

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Expert Solution

Buyers pay for an unit of good is the market price . Sellers receive the same amount at equilibrium without any market distortion . But if there is unit tax levied on the good , then the difference between what buyers pay and what sellers receive is called

Size of tax per unit .

Rahul Sunny answered 1 year ago

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