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If the government imposes a $5 excise tax on the sale

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Question

If the government imposes a $5 excise tax on the sale of leather shoes and collects the;tax from the suppliers, the price of leather shoes will;A) increase by $5.;B) increase by more than $5.;C) increase by less than $5.;D) increase, but we cannot determine by how much.

 

Paper#31484 | Written in 18-Jul-2015

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