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True, False or Uncertain (T/F/U) The mayor of Gotham dislikes apple growers, but likes apple consumers. He passes a law that taxes apple growers $1
True, False or Uncertain (T/F/U)
The mayor of Gotham dislikes apple growers, but likes apple consumers. He passes a law that taxes apple growers $1 per apple sold; and gives the tax revenue to apple consumers, giving them a subsidy of $1 per apple they purchase. T/F/U: We should expect this policy to improve consumer surplus in the market for apples. (A graph will help you answer this question.)
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