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mariasmakatof mariasmakatof
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10 months ago

Exhibit 20-2


Refer to Exhibit 20-2. The market for good X is initially in equilibrium at $5. The government then places a tax on the producers of good X, taxing them on each unit of good X they sell. As a result, the supply curve



▸

shifts (down and) rightward from S2 to S1.



▸

shifts (up and) leftward from S1 to S2.



▸

does not shift from S1.



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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andratandrat
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10 months ago
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mariasmakatof Author
wrote...

10 months ago
Good timing, thanks!
SupremeDJ
wrote...

Yesterday
Smart ... Thanks!
jbarnett14
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2 hours ago
this is exactly what I needed
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