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a tax a. lowers the price buyers pay and raises the price sellers receive. b. raises the price buyers pay and lowers the price sellers receive. c. places a wedge between the price buyers pay and the price sellers receive. d. Both b) and c) are correct.

User Tejinder
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Answer:

b. raises the price buyers pay and lowers the price sellers receive.

Step-by-step explanation:

A tax is a compulsory sum levied on a good or service by the government or an agency of the government.

A tax on the good raises the price of the good. It also reduces the amount received by the seller because a portion of the amount received from the sale of the taxed product goes to the government.

I hope my answer helps you

User Mironor
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