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Exhibit 20-2Refer to Exhibit 20-2. The market for good X is initially in equilibrium at $5. The ...

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Exhibit 20-2Refer to Exhibit 20-2. The market for good X is initially in equilibrium at $5. The ...

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.

▸

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Economics

Edition: 12^th

Author: Arnold

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Thank you, thank you, thank you!

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