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(Figure: an Excise Tax)Use Figure: an Excise Tax

Question 15

Multiple Choice

(Figure: An Excise Tax) Use Figure: An Excise Tax.If an excise tax equal to $1.10 is imposed on this good,then the price paid by consumers will: (Figure: An Excise Tax) Use Figure: An Excise Tax.If an excise tax equal to $1.10 is imposed on this good,then the price paid by consumers will:   A) rise by $1.10. B) rise by $1.33. C) not rise. D) rise by $0.50.


A) rise by $1.10.
B) rise by $1.33.
C) not rise.
D) rise by $0.50.

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