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The market for cola is in equilibrium. If the government imposes a tax on cola, what will happen to the equilibrium price and quantity of
The market for cola is in equilibrium. If the government imposes a tax on cola, what will happen to the equilibrium price and quantity of cola? Question 20Answer a. The equilibrium price of cola will increase, and the equilibrium quantity of cola will decrease. b. The equilibrium price of cola will decrease, and the equilibrium quantity of cola will increase. c. The equilibrium price of cola will stay the same and the equilibrium quantity of cola will decrease. d. The equilibrium price of cola will stay the same and the equilibrium quantity of cola will increase
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