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80 Harbert College of.. TD Ameritrade American lifes CO Quantity Refer to Figure 4-9. Suppose the market is initially in equilibrium at price PL

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80 Harbert College of.. TD Ameritrade American lifes CO Quantity Refer to Figure 4-9. Suppose the market is initially in equilibrium at price PL and now the government imposes a tax on every unit sold. Which of the following statements best describes the impact of the tax? For demand curve D1 O the producer bears a greater share of the tax burden if the supply curve S O the producer's share of the tax burden is the same whether the supply curve 1 or 2 O the producer bears a greater share of the tax burden the supply cane O the producer bears the entire burden of the tax if the supply curves 51 and the comme on the burden of the ta

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