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Economics

Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original levels. (An excise tax is a tax on a specific good, for example there is an excise tax on gas and liquor.)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271763

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