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The figure shows the demand and supply curves in the salt market. The government imposes a sales tax of 30% on the price of salt,

The figure shows the demand and supply curves in the salt market. The government imposes a sales tax of 30% on the price of salt, to be paid by the suppliers. As a result, the equilibrium quantity falls from Q* to QT.

Price of salt Market A Supply B C P* D E Market Demand QT Quantity of salt

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