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Business, 07.03.2020 04:45 WilliamYES9164

5. Taxes and the impact on relative price In her school's food court, Susan notices that a carton of juice costs $1.75 and a can of soda costs $1.25. Since Susan just finished studying for an economics exam, she immediately calculates that the relative price of a carton of juice is per . Suppose that school administrators want to encourage healthy choices and decide to impose a $0.25 price increase on cans of soda. Given that the absolute price of a carton of juice is unchanged, the relative price of a carton of juice .

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5. Taxes and the impact on relative price In her school's food court, Susan notices that a carton of...
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