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Suppose the Canadian government has decided to place an excise tax of$20 $20per tire on producers of automobile tires. Excise taxes are also called sales

Suppose the Canadian government has decided to place an excise tax of$20

$20per tire on producers of automobile tires. Excise taxes are also called sales or commodity taxes. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tireprices.

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