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Use a separate demand-supply diagram to illustrate how the scenario below affect the equilibrium price and total revenue: (i) Good weather helps farmers to produce

Use a separate demand-supply diagram to illustrate how the scenario below affect

the equilibrium price and total revenue:

(i) Good weather helps farmers to produce a bumper crop for rice. (5 marks)

(ii) Government imposes a 25% excise taxes on air ticket. (5 MARKS)

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