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madam [21]
2 years ago
14

Assuming a normal upward-sloping supply curve and downward-sloping demand curve, if the government imposes a $5 excise tax on le

ather shoes and collects the tax from the suppliers, the price of leather shoes will: a) increase by more than $5. b) increase by $5 c) increase, but we cannot determine by how much. d) increase by less than $5.
Business
1 answer:
Inga [223]2 years ago
5 0

Answer:

Option D......increase by less than $5

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<span>One part of Henry Clay's proposed American system to bring about economic improvement included support for a high tariff, the intent of which was to protect American industries while also generating revenue for the federal government.</span>
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Answer:

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