Suppose instead of a tax the government sells 60 permits. a. If the price were $24, L

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Suppose instead of a tax the government sells 60 permits.

a. If the price were $24, L would demand ______ and H would demand ______.

b. If the price were $48, L would demand ______ and H would demand ______.

c. Thus, the price would turn out to be $ ______.

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Public Finance

ISBN: 9780073375748

1st Edition

Authors: Laurence S. Seidman

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