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Firms Are Willing and Able to Sell 100 Guitars Per

Question 102

Multiple Choice

Firms are willing and able to sell 100 guitars per day at a price of $250 per guitar. What price will firms require to sell 100 guitars per day if there is a tax of $15 per guitar?


A) $235
B) $250
C) between $235 and $250
D) $265

Correct Answer:

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