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Any Time a Tax Is Placed on the Buyers of a Product,what

Question 109

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Any time a tax is placed on the buyers of a product,what will it do to the equilibrium price (to buyers) and quantity

Any time a tax is placed on the buyers of a product,what will it do to the equilibrium price (to buyers) and quantity


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

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