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Exhibit 5-29 -Refer to Exhibit 5-29. the Supply Curve Decreases from S

Question 16

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Exhibit 5-29 Exhibit 5-29 -Refer to Exhibit 5-29. The supply curve decreases from S to S(t) because a tax is imposed. Under demand curve D' as opposed to demand curve D, consumers will pay more of the tax.
-Refer to Exhibit 5-29. The supply curve decreases from S to S(t) because a tax is imposed. Under demand curve D' as opposed to demand curve D, consumers will pay more of the tax.

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