Multiple Choice
Suppose that a hog-producing firm has been dumping its wastes into the local river. The government taxes the sale of hogs to pay for the cost of the river cleanup. As a result
A) more hogs are produced and the price falls
B) more hogs are produced and the price increases
C) fewer hogs are produced and the price falls
D) fewer hogs are produced and the price increases
E) quantity produced doesn't change but the price increases
Correct Answer:
Verified
Correct Answer:
Verified
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