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The following graph shows a perunit tax that has been imposed on a perfectly competitive industry with a positively sloped long-run supply curve. Price 02
The following graph shows a perunit tax that has been imposed on a perfectly competitive industry with a positively sloped long-run supply curve. Price 02 01 Quantity per period With the imposition of this tax, the amount of the tax that consumers pay {their burdenfincidence] is given by area 0 P3ABP1. O P31452492. 0 P1332492. Q tugs/1.131491
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