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Business, 28.07.2021 22:10 CyberSongWriter

In general, increasing price above the market equilibrium price will consumer surplus and producer surplus. Total surplus will . Reducing price below market equilibrium will consumer surplus and producer surplus. Total surplus will . Thus regulators increase benefits to one group or the other, but the market be efficient. The tax incidence is the:
a. average tax burden borne by buyers and sellers.
b. actual tax burden borne by buyers and sellers.
c. absolute tax burden borne by buyers and sellers.
d. relative tax burden borne by buyers and sellers.

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