Multiple Choice
As a result of a per-unit tax on output in a market:
A) the quantity traded increases.
B) the quantity traded does not change.
C) the quantity traded decreases.
D) a surplus is created at the new equilibrium price.
Correct Answer:

Verified
Correct Answer:
Verified
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Q20: Exhibit 7-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-7
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Q22: Exhibit 7-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-10
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