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Ceteris paribus, assume the wearing of hats has become very fashionable and the government at the same time, due to high rates of skin cancer,
Ceteris paribus, assume the wearing of hats has become very fashionable and the government at the same time, due to high rates of skin cancer, has decreased taxes for hat manufacturers. Use demand and supply analysis to illustrate and explain the impact on the equilibrium price and quantity in the market for hats. Pls give graph also HINT: There is more than one possible outcome
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