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Question 64

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Use the following to answer question:
Figure: An Excise Tax Use the following to answer question: Figure: An Excise Tax -(Figure: An Excise Tax) Look at the figure An Excise Tax. If an excise tax equal to $1.10 is imposed on this good, then the price paid by consumers will: A) rise by $1.10. B) rise by $1.33. C) not rise. D) rise by $0.50.
-(Figure: An Excise Tax) Look at the figure An Excise Tax. If an excise tax equal to $1.10 is imposed on this good, then the price paid by consumers will:


A) rise by $1.10.
B) rise by $1.33.
C) not rise.
D) rise by $0.50.

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