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A Tax on the Sellers of Popcorn Will

Question 106

Multiple Choice

A tax on the sellers of popcorn will:


A) reduce the equilibrium price of popcorn and increase the equilibrium quantity
B) reduce the equilibrium price of popcorn and reduce the equilibrium quantity
C) increase the equilibrium price of popcorn and increase the equilibrium quantity
D) increase the equilibrium price of popcorn and reduce the equilibrium quantity

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