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Consider the market for cars, which is currently in equilibrium. The US government imposes an equal tax on production and on consumption. This will Increase

Consider the market for cars, which is currently in equilibrium. The US government imposes an equal tax on production and on consumption. This will Increase equilibrium quantity and price Decrease the equilibrium quantity in the market and increase the equilibrium price Increase equilibrium quantity and decrease equilibrium price Decrease equilibrium quantity and price

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