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Economics Tax and subsidy policy. a. Illustrate on a supply and demand graph a specific tax of size T placed on consumers. b. Illustrate on

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Economics Tax and subsidy policy. a. Illustrate on a supply and demand graph a specific tax of size T placed on consumers. b. Illustrate on a supply and demand graph the impact of an ad valorem tax rate d placed on consumers. c. Illustrate on a supply and demand graph the impact of a subsidy of size 5 given to producers

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