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Suppose the market for premium music streaming exhibits the typical downwardsloping demand curve and upward sloping supply curve. A new excise tax placed on music

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Suppose the market for premium music streaming exhibits the typical downwardsloping demand curve and upward sloping supply curve. A new excise tax placed on music streaming services would lead to consumer surplus, producer surplus, and 0 lower; lower; higher deadweight loss. 0 lower; lower; lower 0 lower; higher; lower O higher, lower; higher

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