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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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