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Microeconomics Midterm - Part 3 of 3!
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Problem 11
Problem 12
Problem 13
Problem 14
Problem 15
Problem 16
Problem 17
Problem 18
Problem 19
Problem 20
Problem 21
Problem 22
Problem 23
Problem 24
Microeconomics Midterm - Part 3 of 3!
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6. Introduction to Taxes and Subsidies / Effects of Taxes on a Market / Problem 12
Problem 12
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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