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What condition will the buyers of good x bear

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Reference no: EM132408094

Question:

Suppose City V decides to raise the per-unit tax on the sellers of Good X

Under what condition will the buyers of Good X bear a greater increase in tax burden than the sellers?

Illustrate the answer with the aid of a diagram. Using the same diagram, indicate the change in the consumer surplus and the change in sellers' revenue ( net of tax ) after the tax is raised.

Reference no: EM132408094

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