A unit tax of $1 has been levied on a good. The equilibrium price of the good will most likely

Name: A unit tax of $1 has been levied on a good. The equilibrium price of the good will most likely
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When a unit tax is imposed, the burden is typically shared between buyers and sellers, leading to an increase in the equilibrium price by an amount less than the full tax.

A Unit Tax of $1 Has Been Levied on a Good