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The imposition of a unit excise tax on red wine will Question 30 options: lower equilibrium quantity and raise equilibrium price in the market. lower

The imposition of a unit excise tax on red wine will Question 30 options: lower equilibrium quantity and raise equilibrium price in the market. lower equilibrium price and quantity in the market. increase equilibrium quantity and price in the market. raise equilibrium quantity and lower equilibrium price in the market

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