Business, 30.05.2020 20:05 luhmama

3. If the government imposes a tax on the production of a good or service, what will happen to the equilibrium price
and quantity of the good?
a. Equilibrium price and quantity will both decrease
b. Equilibrium price and quantity will both increase
C. Equilibrium price will increase and equilibrium quantity will decrease
d. Equilibrium price will decrease and equilibrium quantity will increase

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3. If the government imposes a tax on the production of a good or service, what will happen to the e...

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