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The supply will likely decrease, for the tax makes the extraction more expensive, making it best to hold off on extracting the resource.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 17 - Natural Resource and Energy Economics - Discussion Questions - Page 402: 8
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