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Introducing Taxes and Tax Incidence
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Problem 10
Introducing Taxes and Tax Incidence
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6. Introduction to Taxes / Introducing Taxes and Tax Incidence / Problem 3
Problem 3
If a \$3 per unit tax is imposed on a product, and the price paid by consumers is \$10, what is the price received by suppliers?
A
\$3
B
\$10
C
\$7
D
\$13
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