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Business, 10.03.2020 20:00 clairebear66

Suppose the government imposes a $10 excise tax on the sale of sweaters by charging suppliers $10 for each sweater sold. If the demand curve is downward-sloping and the supply curve is upward-sloping: a. the price of sweaters will increase by $10. b. consumers of sweaters will bear the entire burden of the tax. c. the price of sweaters will increase by less than $10. d. the price of sweaters will decrease by $10.

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