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The government imposes a $3 per-can tax on cans of Twip. Consumers will most likely see the prices they pay: multiple choice rise by $3.
The government imposes a $3 per-can tax on cans of Twip. Consumers will most likely see the prices they pay: multiple choice rise by $3. fall by $3. rise, but by less than $3. rise more than $3.The market for kaleburgers is given below. A graph is plotted for price in dollars versus burgers per day.The vertical axis for price ranges from 0 to 10 dollars in increments of 1. The horizontal axis for burgers per day ranges from 0 to 1000 in increments of 200. A supply and demand line on the graph intersect at 500, 5. Suppose the government imposes a $2 per burger tax on this market. In response to the tax, the consumer price will rise to per burger. In response to the tax, the price paid to producers will fall to per burger. As a result of this tax, the quantity transacted will be burgers per day
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