The state government in california, where only 5% of americas apples are grown, imposes a very large per unit tax on apple growers. Assume this increases the growers average variable cost above the equilibrium price. Show the effect the state tax will have on a typical california apple farmer in the short run?

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Answer:

Adding oxygen will cause the equation of 

CO-Hemogoblin + O2= Hemogoblin = Oxyhemogoblin

to the right. This is because the increase in pressure leads to more on the left side, and as such a balance needs to be maintained so the equation shifts to the right.

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