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In the Market for Widgets,the Supply Curve Is the Typical

question 115

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In the market for widgets,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.The equilibrium quantity in the market for widgets is 200 per month when there is no tax.Then a tax of $5 per widget is imposed.As a result,the government is able to raise $800 per month in tax revenue.We can conclude that the equilibrium quantity of widgets has fallen by

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Drive Letter

An identifier assigned to a fixed or removable drive in Microsoft Windows operating systems, used to distinguish between different storage media.

File Explorer

A graphical file management utility included with Windows operating systems, used for browsing, opening, copying, and managing files and folders.

Colon

A punctuation mark (:) used to precede a list of items, a quotation, or an expansion or explanation.

File Explorer

The file management application included in Windows operating systems, used to browse, organize, and manage files and folders.

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