9. Suppose the government currently raises $100 million through a 1-cent tax on widgets, and another $100

Question:

9. Suppose the government currently raises $100 million through a 1-cent tax on widgets, and another $100 million through a 10-cent tax on gadgets. If the government doubled the tax rate on widgets and eliminated the tax on gadgets, would it raise more money than today, less money, or the same amount of money? Explain.

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