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Business, 07.03.2020 03:13 Gabby2581

Suppose that all consumers view red pencils and blue pencils as perfect substitutes. Suppose that the supply curve for red pencils is upward slop-ing. Let the price of red pencils and blue pencils be prand pb. What Would Happen if the government put a tax only on red pencils?

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Suppose that all consumers view red pencils and blue pencils as perfect substitutes. Suppose that th...
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