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 The figure shows a market with perfectly inelastic demand

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 The figure shows a market with perfectly inelastic demand. Which of the following is TRUE regarding the figure? 1. The tax decreases the equilibrium quantity from 1,000 to 900 units. ii. The tax increases the price buyers pay from $10 to $11. iii. The tax creates a deadweight loss of area ABC. Select one: O a. li and ill only O b. ii only O c. i only O d. i and ii only e. i and iii only