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Refer to graph below showing the market for New York Giants Jerseys. $15 12 9 6 3 0 1 2 3 4 5 6 7
Refer to graph below showing the market for New York Giants Jerseys. $15 12 9 6 3 0 1 2 3 4 5 6 7 Quantity Suppose New York implements a $4.50 tax on each jersey sold. How much will the New York Giants receive for each jersey after the tax? $10.00 O $9.00 O $4.50 O $7.50Which of the following would decrease quantity demanded, decrease quantity supplied and result in a lower price for the sellers? O A tax. O A binding price floor. A nonbinding price ceiling. O A binding price ceiling
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