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In the Long Run,the Imposition of an Excise Tax in a Constant-Cost

Question 25

Multiple Choice

In the long run,the imposition of an excise tax in a constant-cost competitive industry will cause price to:


A) rise by the amount of the tax.
B) fall by the amount of the tax.
C) rise by less than the amount of the tax.
D) fall by more than the amount of the tax.

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