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The graph plots price versus quantity of product X.The horizontal axis is labeled quantity of product X. The vertical axis is labeled price. The graph
The graph plots price versus quantity of product X.The horizontal axis is labeled quantity of product X. The vertical axis is labeled price. The graph shows a rising line labeled S and a falling line labeled D. The rising line labeled S begins at a point on the bottom left and ends at a point on the top right. The falling line labeled D, begins at a point on the top left and ends at a point on the bottom right. The point of intersection of S and D is (Q 1, P 1). Refer to the provided supply-and-demand graph of Product X. What would happen if the government taxed the producers of this product because it has negative externalities in production? Multiple Choice Supply would increase. Demand would decrease. Supply would decrease. Price would decrease
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