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Suppose a tax of 1.00 dollars is imposed in the market and the price the consumer pay rises from 2.00 dollars before the tax to
Suppose a tax of 1.00 dollars is imposed in the market and the price the consumer pay rises from 2.00 dollars before the tax to 2.60 dollars after the tax then the burden of the tax to consumers is
a.60 cents
b.40 cents
c.1.00 dollar
d.impossible to calculate from the information given
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