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Business, 13.03.2020 22:00 karenjjensen

Suppose the government decides to enact a new tax on movie tickets. What will happen in the market for movie tickets? (Note: Neither the supply curve nor the demand curve for movie tickets is perfectly inelastic.) A. The price consumers pay for movie tickets will be higher. B. The tax on movie tickets will cause a deadweight loss. C. The quantity of movie tickets sold will decrease. D. The price producers receive for movie tickets will be higher.

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