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If the government places a tax of $0.50/unit in each market, which market will generate the greatest tax revenue? O Market A O Market B Not enough information

If the government places a tax of $0.50/unit in each market, which market will generate the greatest tax revenue? O Market A O Market B Not enough information

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
Problem 5CQ
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Market A Market B P (dollars) P (dollars) Q (units) Q (units) 5,000 5,000 If the government places a tax of $0.50/unit in each market, which market will generate the greatest tax revenue? Market A O Market B Not enough information
Transcribed Image Text:Market A Market B P (dollars) P (dollars) Q (units) Q (units) 5,000 5,000 If the government places a tax of $0.50/unit in each market, which market will generate the greatest tax revenue? Market A O Market B Not enough information
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