The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario. Demand Supply A 32.00 - 24.00 D 16.00 = F 10 20 QUANTITY (Pinckneys) PRICE (Dollars per pinckney)

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