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Effects of Taxes on a Market
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Effects of Taxes on a Market
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6. Introduction to Taxes / Effects of Taxes on a Market / Problem 3
Problem 3
A per unit tax of \$3 is imposed on a product, and the quantity exchanged at the taxed price is 200 units. What is the total tax revenue generated?
A
\$60
B
\$3
C
\$600
D
\$200
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