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Q?) If the government levies a tax on manufactln'ing mobile phones, the price of phone will rise. However, this will cause the demand to decrease,
Q?) If the government levies a tax on manufactln'ing mobile phones, the price of phone will rise. However, this will cause the demand to decrease, and as a result, the price will fall back down to its original level. Do you agree with this statement? Explain. (2)
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