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1. Understanding the implications of taxes on welfare The following graph represents the
demand and rupply for blinkies (an imaginary product), The black point (plus symbel) indicates
the pre-tak equiboritm. Sopgose the governmert has juat decided to impose a tax on this marbert
the grey pointa (atar symbol) indicace the afoertax rotaurie. Cemplers the fodoung ratle, given
the worntation, pretwithd at the graph

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