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The quantity q of grapefruits demanded at price p is given by q = 30 - 3 p and the supply schedule by q =
The quantityqof grapefruits demanded at price p is given byq= 30 - 3pand the supply schedule byq= 6p. The government imposes a quantity tax at some ratet,which it collects from buyers. What is the smallest tax rate that will result in no grapefruits being bought or sold?
A.3.33%
B.10%
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