The Demand Curve, Which Is a Downward-Sloping Straight Line, Crosses

question 34

True/False

The demand curve, which is a downward-sloping straight line, crosses the supply curve, which is an upward-sloping straight line.If a tax is introduced where sellers must pay a tax of $2 per unit sold, then the equilibrium price paid by demanders will rise by more than $1 if the absolute value of the slope of the demand curve is greater than the absolute value of the slope of the supply curve.

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