Multiple Choice
Use the following to answer question(s) : Model of a Competitive Market
-(Exhibit: Model of a Competitive Market) If there are external costs, a tax imposed on sellers will:
A) decrease the equilibrium quantity.
B) increase the equilibrium quantity.
C) have no effect on the equilibrium price.
D) decrease the equilibrium price.
Correct Answer:
Verified
Correct Answer:
Verified
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