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11 Dec 2019
Suppose an excise tax is imposed on product X. We expect this tax to:
a. increase the demand for complementary good Y and decrease the demand for substitute product Z.
b. decrease the demand for complementary good Y and increase the demand for substitute product Z.
c. increase the demands for both complementary good Y and substitute product Z.
d. decrease the demands for both complementary good Y and substitute product Z.
Suppose an excise tax is imposed on product X. We expect this tax to:
a. increase the demand for complementary good Y and decrease the demand for substitute product Z.
b. decrease the demand for complementary good Y and increase the demand for substitute product Z.
c. increase the demands for both complementary good Y and substitute product Z.
d. decrease the demands for both complementary good Y and substitute product Z.
Sonia DhawanLv10
9 Nov 2020