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mariasmakatof mariasmakatof
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9 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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9 months ago
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