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Suppose the government imposes an excise tax on luxury cars, collecting $ 1 8 , 0 0 0 from buyers per each vehicle purchased. As

Suppose the government imposes an excise tax on luxury cars, collecting $18,000 from buyers per each vehicle purchased. As a result, the
(demand/supply) A curve in the market for luxury cars shifts (upward/downward)
A the equilibrium quantity
(increases/decreases)
A by A cars, and the equilibrium price of a car (rises/falls) A by $ A The price that buyers pay (including the tax) is $ A percar, and the price that sellers receive is $ A percar.
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