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question 294

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Use the following to answer questions:
Figure: The Market for Lattes Use the following to answer questions: Figure: The Market for Lattes   -(Figure: The Market for Lattes)  If the excise tax increases from $1.50 to $2.25 per latte, government revenue will _____ by _____. A)  decrease; $150 B)  decrease; $75 C)  increase; $150 D)  increase; $225
-(Figure: The Market for Lattes) If the excise tax increases from $1.50 to $2.25 per latte, government revenue will _____ by _____.


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