If an excise tax is imposed on automobiles and collected from consumers, the:
a) equilibrium q...
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If an excise tax is imposed on automobiles and collected from consumers, the:
a) equilibrium quantity supplied will increase relative to the pretax level.
b) supply curve will shift upward by the amount of the tax.
c) equilibrium quantity demanded will increase relative to the pretax level.
d) demand curve will shift downward by the amount of the tax.
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