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tifftran tifftran
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11 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 per-unit tax on good X, as shown by the shift of S1 to S2. As a result,



▸

consumers end up paying $6.25 per unit, and producers end up receiving $5.00 per unit, but keeping only $4.00 per unit.



▸

consumers end up paying $6.25 per unit, and producers end up receiving and keeping $4.00 per unit.



▸

consumers end up paying $5.00 per unit, and producers end up receiving and keeping $5.00 per unit.



▸

consumers end up paying $6.25 per unit, and producers end up receiving $6.25 per unit, but keeping only $4.00 per unit.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
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Hello32hello3Hello32hello3
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11 months ago
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tifftran Author
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11 months ago
Thanks
Ifekwunigwe
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Yesterday
Correct Slight Smile TY
vanna2014
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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