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AP Microeconomics
Unit 2 โ Supply and Demand
Topic 2.8
Unit 2 โ Supply and Demand
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2.8 The Effects of Government Intervention in Markets
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mixed difficulty
Which of the following correctly describes the impact of an excise tax on a market?
An excise tax has no effect on the supply curve.
An excise tax decreases consumer surplus and increases producer surplus.
An excise tax shifts the demand curve to the right.
An excise tax increases the costs of production for firms.
Study guides (1)
AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
Key terms
Excise Tax
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