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Government-imposed taxes cause reductions in the activity that is being taxed, which has important implications for revenue collections. To understand the effect of such a

Government-imposed taxes cause reductions in the activity that is being taxed, which has important implications for revenue collections. To understand the effect of such a tax, consider the monthly market for vodka. With no tax, the equilibrium quantity is 60 bottles. The following table shows the equilibrium quantity produced and sold in the market for various per unit taxes

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