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Respond to the following: if the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? explain.<…

Respond to the following: if the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? explain.<…
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respond to the following: if the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? explain.

User Mussammil
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User Camiblanch
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