Which if the following best describes the effect a $3 increase in a sales tax has on the equilibrium price in a market where the demand curve slopes downward and the supply curve slopes upward. Assume that the government collects the tax from sellers.   a. The market price increases by $3. b. The market price rises by more than $3. c. The market prices rises, but the increase is less than $3. d. The market price will not change, the quantity supplied will decrease

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