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1. Refer to Figure 1. What is the equilibrium price in the market before the tax is imposed ? a. $1.00 b. $3.50 c. $5.00

1. Refer to Figure 1. What is the equilibrium price in the market before the tax is imposed ? a. $1.00 b. $3.50 c. $5.00 d. $6.00

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