If the government levies a $5 tax per MP3 player on buyers of MP3 players,then the price paid by buyers of MP3 players would likely

Name: If the government levies a $5 tax per MP3 player on buyers of MP3 players,then the price paid by buyers of MP3 players would likely
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The price paid by buyers will increase by less than $5 because the tax burden is typically shared between buyers and sellers, depending on the price elasticity of demand and supply.

If the Government Levies a $5 Tax Per MP3 Player