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The demand and supply curves for kumquats are given below: QD 12-P P: $/lb. of kumquats Q: lbs. of kumquats The kumquat market is initially in free market equilibrium. A tax of $6/lb. of kumquats levied on kumquat consumers will: () Burden kumquat producers more than kumquat consumers. (ii) Raise government revenue of $24. O (i) is true (ii) is true. Both (i) and (i) are true. Neither (i) nor (ii) is true.

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