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Figure: Model of a Competitive Market (Figure: Model

question 215

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Figure: Model of a Competitive Market Figure: Model of a Competitive Market (Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will ________ and the equilibrium quantity will _. A) increase; decrease B) remain the same; increase C) remain the same; decrease D) increase; increase Figure: Model of a Competitive Market (Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will ________ and the equilibrium quantity will _. A) increase; decrease B) remain the same; increase C) remain the same; decrease D) increase; increase (Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will ________ and the equilibrium quantity will _.

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