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True or False with statement. Consumer purchases 2 good a and b pa=2 pb=1. Government is simultaneously imposing tax 0.5 Per pound on a 0.25
True or False with statement.
Consumer purchases 2 good a and b pa=2 pb=1. Government is simultaneously imposing tax 0.5
Per pound on a 0.25 on b
S. Higher prices will result in a reduction in the total amount of goods consumed. But will result in a reduction in the total amount of the goods consumed but will not alter the trade off for how consumers currently value the goods
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