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dwilliams11 dwilliams11
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5 years ago
Suppose that in Canada the government places a $1,500 tax on the buyers of new snowmobiles. After the purchase of a new snowmobile, a buyer must pay the government $1,500. How would the imposition of the tax on buyers be illustrated in a graph?

• The tax will shift the supply curve up by $1,500.

• The tax will shift the demand curve up by $1,500.

• The tax will shift both the demand and supply curves down by $1,500.

• The tax will shift the demand curve down by $1,500.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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kiyomikakiyomika
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5 years ago
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dwilliams11 Author
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#2
5 years ago
This helped my grade so much
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5 years ago
Perfect
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