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Figure: the Market for Yachts

Question 36

Essay

Figure: The Market for Yachts
(Figure: The Market for Yachts) Look at the figure The Market for Yachts.A quota of ________
will bring about the same price and output in the market for yachts as would an excise tax of
$30,000.
A.2,000
B.3,000
C.4,000
D.The answer is impossible to determine.

Correct Answer:

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