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  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 8: Application: the Costs of Taxation
  5. Question
    Figure 8-4 the Vertical Distance Between Points a and B Represents a Represents
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Figure 8-4 the Vertical Distance Between Points a and B Represents a Represents

Question 111

Question 111

Multiple Choice

Figure 8-4
The vertical distance between points A and B represents a tax in the market. Figure 8-4 The vertical distance between points A and B represents a tax in the market.   -Refer to Figure 8-4. The price that buyers effectively pay after the tax is imposed is A)  $12. B)  between $8 and $12. C)  between $5 and $8. D)  $5.
-Refer to Figure 8-4. The price that buyers effectively pay after the tax is imposed is


A) $12.
B) between $8 and $12.
C) between $5 and $8.
D) $5.

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