Refer to Table 5.2, which gives cost information for the production of widgets. Some values are missing, however. Which of the following is true?

The imposition of all taxes, except a Pigouvian tax, leads to ________

A) an increase in consumer surplus B) an increase in producer surplus C) a fall in the price of the good D) a loss in total welfare

Choices must be made because of scarcity; people do not have enough time or money to get everything they want

a. True b. False Indicate whether the statement is true or false