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When a Tax Is Levied on a Good,how Will the Quantity

Question 57

Multiple Choice

When a tax is levied on a good,how will the quantity sold and price of the good change


A) The quantity of the good sold will decrease but the price of the good sold will not change.
B) The price of the good sold will increase but the quantity of the good sold will not change.
C) The quantity of the good sold will decrease but the price of the good sold will increase.
D) The price of the good sold will decrease but the quantity of the good sold will increase.

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