Explain the application of demand and supply analysis
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The demand-supply equilibrium analysis can be applied to obtain the impact of a sales tax upon the equilibrium quantity bought and sold of the commodity concerned. It is presented in three ways of explaining the effect of the tax. As is expected, the effects have been the same in all the three cases.
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The demand-supply equilibrium analysis can be applied to obtain the impact of a sales tax upon the equilibrium quantity bought and sold of the commodity concerned. It is presented in three ways of explaining the effect of the tax. As is expected, the effects have been the same in all the three cases.
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