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Author Question: Refer to Figure 4-15. How much of the tax is paid by sellers? A) 2 B) 5 C) 7 D) ... (Read 73 times)

mckennatimberlake

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Refer to Figure 4-15. How much of the tax is paid by sellers?
 
  A) 2 B) 5 C) 7 D) 12

Question 2

Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease?
 
  A) a technological advancement that results in a bumper crop of potatoes
  B) a freeze that sharply reduces potato output
  C) a decrease in consumer income
  D) an increase in consumer income


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s.meritte

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mckennatimberlake

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


triiciiaa

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Reply 3 on: Yesterday
Excellent

 

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