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Assume a market for a normal good is currently in equilibrium. If the government increases the taxes that firms must pay, then: Demand will (decrease

Assume a market for a normal good is currently in equilibrium. If the government increases the taxes that firms must pay, then:

Demand will (decrease / increase / not change): Not change

Supply will (decrease / increase / not change): Increase

Equilibrium price will (decrease / increase / not change): Decrease

Equilibrium quantity will (decrease / increase / not change): Decrease

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