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Ps=Price sellers receive after tax. Pb=price buyers pay after tax. P*=equilibrium price before tax. Which of the following is impossible ? a. Ps Pb c.
Ps=Price sellers receive after tax. Pb=price buyers pay after tax. P*=equilibrium price before tax. Which of the following is impossible?
a.
Ps
b.
Ps>Pb
c.
Pb d. Pb>P*>Ps e. All of these are possible.
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