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The following graph shows the daily market for shoes. Suppose the government institutes a tax of $46.40 per pair. This places a wedge between the price buyers pay and the price sellers receive.

The following graph shows the daily market for shoes Suppose the government institutes a tax of 4640 per pair This places a wedge between the price buyers pay a class=
The following graph shows the daily market for shoes Suppose the government institutes a tax of 4640 per pair This places a wedge between the price buyers pay a class=