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Economics

Using the results from previous question (the equilibrium price and quantity), which of the following is true or false? Explain (10 pts., 2.5 pts. each).

1. Tax revenue is equal to $108.(explain)

2. Price to consumers increased by $4.(explain)

3. Equilibrium quantity decreased by 4 units.(explain)

4. After-tax price to suppliers is $62. (explain)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91529266

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