refer to the following diagram
-Assuming that labor supply is S2,imposing an income tax on this market will:
A) raise the market wage rate but reduce the net (after-tax) wage rate
B) reduce the market wage rate and reduce the net (after-tax) wage rate
C) raise the market wage rate but have no impact on the net (after-tax) wage rate
D) have no impact on the market wage rate but reduce the net (after-tax) wage rate
Correct Answer:
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