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    Managerial Economics and Business Strategy Study Set 1
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    Exam 2: Market Forces: Demand and Supply
  5. Question
    An Ad Valorem Tax Causes the Supply Curve To
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An Ad Valorem Tax Causes the Supply Curve To

Question 15

Question 15

Multiple Choice

An ad valorem tax causes the supply curve to:


A) shift to the right.
B) become flatter.
C) become steeper.
D) shift to the left.

Correct Answer:

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