Business, 19.03.2020 01:56, fgcherubin

In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. the equilibrium quantity in the market for widgets is 200 per month when there is no tax. then a tax of $5 per widget is imposed. as a result, the government is able to raise $750 per month in tax revenue. we can conclude that the equilibrium quantity of widgets has fallen by

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In the market for widgets, the supply curve is the typical upward-sloping straight line, and the dem...