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Author Question: The graph shows the market for textbooks. If the government introduces a tax of $20 a textbook, then ... (Read 114 times)

frankwu

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The graph shows the market for textbooks. If the government introduces a tax of $20 a textbook, then the price paid by buyers
◦ increases by $20.
◦ increases to $80 a textbook.
◦ decreases to $60 a textbook.
◦ is $70 a textbook.
◦ does not change because the demand for textbooks is perfectly elastic.


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Marked as best answer by frankwu on May 24, 2019

Bison

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