Question: ECON4002 Coursework Problem Set page 13 B3. In a perfectly competitive market in which the law of demand and the law of supply hold, an

ECON4002 Coursework Problem Set page 13 B3. In a perfectly competitive market in which the law of demand and the law of supply hold, an introduction of a unit tax of Et per unit, to be collected from the sellers, will result in an increase in the equilibrium price of the good, by the amount less than Et. BUSY TRUE / FALSE (Explain if FALSE)

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