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Price (dollars) 6.25 5.00 4 00 Quantity Good X Refer to Exhibit 5-2. The market for good X is initially in equilibrium at $5. The

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Price (dollars) 6.25 5.00 4 00 Quantity Good X Refer to Exhibit 5-2. The market for good X is initially in equilibrium at $5. The government then places a per- unit tax on good X, as shown by the shift of S, to $2. Approximately what percentage of the tax do consumers end up paying? 63 percent 45 percent 70 percent 55 percent

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