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30 September, 18:20

How do the taxes that are levied on goods and services affect market prices and quantities?

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  1. 30 September, 18:52
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    The taxes that are levied on goods and services affect the market prices and quantities in a way that they increase the prices making the quanities bought to be either few or many depending on the tax increase. The consumers will likely bought goods or services that will not cost them much and having to provide tax that is high will effect the demand of the goods.
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