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Question 128

Multiple Choice

Use the following to answer questions:
Figure: A Market with a Tax Use the following to answer questions: Figure: A Market with a Tax -(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The excise tax imposed on this good is equal to: A) P<sub>1</sub> - P<sub>2</sub>. B) P<sub>1</sub> - P<sub>3</sub> C) P<sub>2</sub> - P<sub>3</sub>. D) P<sub>1</sub> - P<sub>5</sub>.
-(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The excise tax imposed on this good is equal to:


A) P1 - P2.
B) P1 - P3
C) P2 - P3.
D) P1 - P5.

Correct Answer:

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