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What Effect Will a Tax on Sellers of Hockey Skates

Question 139

Multiple Choice
What effect will a tax on sellers of hockey skates have on equilibrium price and quantity

What effect will a tax on sellers of hockey skates have on equilibrium price and quantity


A) It will reduce the equilibrium price of tires and increase the equilibrium quantity.
B) It will reduce the equilibrium price of tires and reduce the equilibrium quantity.
C) It will increase the equilibrium price of tires and increase the equilibrium quantity.
D) It will increase the equilibrium price of tires and reduce the equilibrium quantity.

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