A shortage of a good occurs when

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Reference no: EM13797140

A shortage of a good occurs when:

A) the quantity supplied equals the quantity, demanded

B) the quantity supplied is greater than quantity demanded

C) the quantity supplied is less than the quantity demanded

D ) supply does not exist

Who ultimately pays the tax depends on who writes the check to the government

TRUE OR FALSE

If a buyers pay $10 per unit and sellers receive $8.50 per unit the tax is 1.50 per unit TRUE OR FALSE

Reference no: EM13797140

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