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39% [4] Fri 8:48 . Content X DiClicker Student - Waiting for Ir ect to a device C Quic.blackboard.com/ultra/courses/_201828_1/cl/outline J IClicker Registration 40 Meet Achieve

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39% [4] Fri 8:48 . Content X DiClicker Student - Waiting for Ir ect to a device C Quic.blackboard.com/ultra/courses/_201828_1/cl/outline J IClicker Registration 40 Meet Achieve Technical Support Remaining Time: 1 hour, 52 minutes, 51 seconds. X Tools * Question Completion Status: Price (per ride) .. 83 $7.50 7.00 djanov 6.50 6.00 n 5.50 5.00 vich 4.50 4.00 3.50 X 3.00 2.50 2.00 6 7 8 9 10 11 12 13 14 15 Quantity (millions of rides per year) o Everyone: 8:32 ck in iClicker The following graph shows the market for the long-distance bus rides. In the absence of taxes, the equilibrium price of a ride is $5 and the equilibrium quantity is 10 million rides. Suppose that regulator levies an excise tax on bus service providers. The amount of excise tax equals $2 per ride. re How many rides will be demanded after the introduction of the excise tax? 7 million 8 million E 9 million ? 10 million 699 DEC ... 10 istv

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