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[Solved]: If a good is produced by an increasing-cost compet
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(Solved): If a good is produced by an increasing-cost competitive industry and the demand for its product is e ...



If a good is produced by an increasing-cost competitive industry and the demand for its product is elastic, the imposition of a per-unit tax on producers will cause price to Group of answer choices rise by the amount of the tax. fall by the amount of the tax. rise by less than the amount of the tax. rise by more than the amount of the tax.



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