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Which of the following are the effects of taxes? Multiple select question. Equilibrium price rises. Equilibrium quantity falls. Government revenue equals the amount of the
Which of the following are the effects of taxes? Multiple select question. Equilibrium price rises. Equilibrium quantity falls. Government revenue equals the amount of the tax divided by the new equilibrium quantity. Equilibrium quantity rises. Buyers pay more, and sellers receive less. There is usually a deadweight loss. Government revenue equals the amount of the tax multiplied by the new equilibrium quantity. There is no deadweight loss. Buyers pay less, and sellers receive more
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