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Ceteris Paribus. Assume because of an increase in the demand for e-scooters, the government on safety grounds, has also increase the tax on e-scooter manufacturers.
Ceteris Paribus. Assume because of an increase in the demand for e-scooters, the government on safety grounds, has also increase the tax on e-scooter manufacturers. Use demand and supply analysis to graphically represent and explain the impact on price and quantity in the market for e-scooters. (HINT: there is more than one possibility to the changes in price and quantity).
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