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Questions 28, 29 and 30 are based on the following figure. Figure: This figure shows the market for a particular product before and after the

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Questions 28, 29 and 30 are based on the following figure. Figure: This figure shows the market for a particular product before and after the imposition of a tax on the buyers of this product. The imposition of the tax on the buyers leads to a downward shift of the demand curve from Di to Dz. Price $9 8 D2 D1 0 10 20 30 40 50 60 70 Quantity 28. The amount of the tax imposed in this market is (a) $1.00. (b) $1.50. (c) $2.50. (d) $3.00

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