Question: Your answer should NOT be a negative number. If you think it should be a negative number, take the absolute value. In 2026, there is
Your answer should NOT be a negative number. If you think it should be a negative number, take the absolute value.
In 2026, there is neither a tax nor a subsidy and the market price is 1,000. In 2027, after the government introduces a 120 per-unit subsidy payable to the seller, the resulting market price is 922. What is the incidence on the seller, in rubles?
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