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Exhibit 5-29 Refer to Exhibit 5-29

Question 30

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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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