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The figure shows a leftward shift in the supply curve from $1 to $2 due to the imposition of a tax on the product. P1

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The figure shows a leftward shift in the supply curve from $1 to $2 due to the imposition of a tax on the product. P1 is the original pre-tax price and Q1 is the original pre-tax quantity. After the tax the price consumers pay for the product is: Price Demand Quantity O P1. O P2. O P3. O P3 + the tax

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