Hotel rooms in Smalltown go for $100, and 1,000 rooms are rented on a typical day. a.
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Hotel rooms in Smalltown go for $100, and 1,000 rooms are rented on a typical day.
a. To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room.
After the tax is imposed, the going rate for hotel rooms rises to $108, and the number of rooms rented falls to
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