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The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair

 7. Effect of a tax on buyers and sellers

 The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair. This places a wedge between the price buyers pay and the price sellers receive.

Homework (Ch 06) 7. Effect of a tax on buyers and sellers The following graph shows the daily market for jeans. Suppose the gFill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the


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