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Suppose that the local government of Tulsa decides to institute a tax on cider producers. Before the tax, 40 billion cases of cider were sold

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Suppose that the local government of Tulsa decides to institute a tax on cider producers. Before the tax, 40 billion cases of cider were sold every year at a price of $9 per case. After the tax, 34 billion cases of cider are sold every year; consumers pay $14 per case, and producers receive $5 per case (after paying the tax). The amount of the tax on a case of cider is $9 per case. Of this amount, the burden that falls on consumers is $5 per case, and the burden that falls on producers is $4 per case. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on consumers. O True O False

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