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Suppose That a Market Is Initially in Equilibrium

Question 7

Multiple Choice

Suppose that a market is initially in equilibrium.The initial demand curve is Suppose that a market is initially in equilibrium.The initial demand curve is The initial supply curve is Suppose that the government imposes a $3 tax on this market.What is the change in consumer surplus due to the tax? A) $450. B) $420.50. C) $29.50. D) $0.50. The initial supply curve is Suppose that a market is initially in equilibrium.The initial demand curve is The initial supply curve is Suppose that the government imposes a $3 tax on this market.What is the change in consumer surplus due to the tax? A) $450. B) $420.50. C) $29.50. D) $0.50. Suppose that the government imposes a $3 tax on this market.What is the change in consumer surplus due to the tax?


A) $450.
B) $420.50.
C) $29.50.
D) $0.50.

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