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The equilibrium price in the market for tea is $2.50 per cup. The government decides to impose $0.50 tax per cup. Assuming standard supply and

The equilibrium price in the market for tea is $2.50 per cup. The government decides to impose $0.50 tax per cup. Assuming standard supply and demand curves, which of the following is an estimate for the price consumers pay after the tax? a. $2.25 b. $2.50

c. $2.75

d. $3.00

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