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kcamplin95 kcamplin95
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5 years ago
In Singapore the government places a $5,000 tax on the buyers of new automobiles. After the purchase of a new car, a buyer must pay the government $5,000.  How would the imposition of the tax on buyers be illustrated in a graph?
A) The tax will shift the demand curve to the right by $5,000.
B) The tax will shift the demand curve to the left by $5,000.
C) The tax will shift both the demand and supply curves to the right by $5,000.
D) The tax will shift the supply curve to the left by $5,000.
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InMacro

InMacro


Edition: 1st
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kelsey9kelsey9
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5 years ago
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kcamplin95 Author
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Smart ... Thanks!
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