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suppose that the local government of Raleigh decides to institute a tax on cider consumers. Before the tax, 35 million cases of cider were sold
suppose that the local government of Raleigh decides to institute a tax on cider consumers. Before the tax, 35 million cases of cider were sold every month at a price of $11 per case. After the tax, 30 million cases of cider are sold every month; consumers pay $16 per case (including the tax), and producers receive $6 per case
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