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In this Decision Point activity, you explored when and how governments intervene in markets. Use what you've learned from this decision point to answer the
In this Decision Point activity, you explored when and how governments intervene in markets. Use what you've learned from this decision point to answer the following questions. a. In response to growing health concerns, the city government introduces a new $5.00 per unit tax on consumers of vape pens. Shift the accompanying graph to demonstrate the impact of the tax on the market for vape pens. b. What would be the new equilibrium quantity if instead of taxing consumers, the city taxed sellers
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