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graph above. Initially, the market is in equilibrium with price equal to $0.75 and quantity equal to 400. Government imposes a tax on suppliers of
graph above. Initially, the market is in equilibrium with price equal to $0.75 and quantity equal to 400. Government imposes a tax on suppliers of $0.25 per unit. The effect of the tax is to: A) raise the price consumers pay from $0.75 to $1.00. B) lower the price consumers pay from $1.00 to $0.75. C) raise the price sellers keep after paying the tax. D) lower the price sellers keep after paying the tax
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