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As long as supply and demand curves have their normal shape (the demand curves have a negative slope while supply curves have a positive slope),
As long as supply and demand curves have their normal shape (the demand curves have a negative slope while supply curves have a positive slope), if there is a tax, the equilibrium quantity must _______ and the price that buyers pay must _______. *
a. Fall; rise
b. Fall; fall
c. Rise; fall
d. Rise; rise
a. Fall; rise
b. Fall; fall
c. Rise; fall
d. Rise; rise
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
