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Suppose that a $0.75 tax is imposed in this market. What is the new price consumers pay? a=4.25 b=4.50 c=4.75 d=5 Suppose that a $0.75

Suppose that a $0.75 tax is imposed in this market. What is the new price consumers pay?

a=4.25

b=4.50

c=4.75

d=5

Suppose that a $0.75 tax is imposed in this market. What is the DWL?

a=7.50

b=12.50

c=18

d=32

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