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Business, 10.04.2020 18:44 haitiindianari
Assuming a normal upward-sloping supply curve and a normal downward-sloping demand curve, if the government imposes a $5 excise tax on leather shoes and collects the tax from the suppliers, the price of leather shoes to consumers will:
A. increase by more than $5.
B. increase by $5 increase.
C. increase by less than $5.
D. but we cannot determine by how much.
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Assuming a normal upward-sloping supply curve and a normal downward-sloping demand curve, if the gov...
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