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Mandolina Mandolina
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7 years ago
If the federal government imposes a $2.00 a bottle excise tax on wine, we would expect
A) the equilibrium quantity of wine to increase and the price of wine to rise by $2.00 a bottle.
B) the equilibrium quantity of wine to decrease and the price of wine to rise by $2.00 a bottle.
C) the equilibrium quantity of wine to decrease and the price of wine to rise by more than $2.00 a bottle.
D) the equilibrium quantity of wine to decrease and the price of wine to fall by less than $2.00 a bottle.
E) the equilibrium quantity of wine to decrease and the price of wine to rise by less than $2.00 a bottle.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
7 years ago
Makes a ton of sense now Smiling Face with Open Mouth
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