A unit tax of $10 has been levied on a good. The equilibrium price of the good will most likely
A. decrease by $10.
B. increase by $10.
C. remain unchanged.
D. increase by an amount less than $10.
Answer: D
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If the price of Chinese food decreases, then the demand for chopsticks decreases because they are complementary goods
Indicate whether the statement is true or false
Goods are distributed among people by means of:
a. a central authority b. prices c. markets d. all of these
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