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6. Introduction to Taxes and Subsidies
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Problem 12
6. Introduction to Taxes and Subsidies
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6. Introduction to Taxes and Subsidies / Effects of Taxes on a Market / Problem 3
Problem 3
A market has a per unit tax of \$5, and the quantity exchanged after the tax is 200 units. Calculate the tax revenue generated.
A
\$5
B
\$1000
C
\$500
D
\$200
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