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A Tax on Sellers Reduces the Size of a Market

question 117

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A tax on sellers reduces the size of a market.


Definitions:

Italicized Phrase

A portion of text that has been printed in italics to emphasize it, distinguish it, or for stylistic purposes.

Nearest Tenth

Rounding to the closest tenth means adjusting a number to one decimal place.

Decimal

A number that includes a decimal point to represent a fraction of a whole.

Percentage

A way of expressing a number as a fraction of 100, denoted by the symbol %.

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