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Suppose the market for pizza slices starts out in equilibrium where the equilibrium price of a pizza slice is $1.50 and the equilibrium quantity is 600 slices. Now, suppose the government imposes a per-unit tax on the production of pizza slices. After the tax is imposed, the new equilibrium price of a pizza slice would be _________________ $1.50 and the new equilibrium quantity of a pizza slice would be ________________ 600 slices.
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