7. Theres a gas shortage in Gasland. Youre presented with two proposals that will achieve the same...

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7. There’s a gas shortage in Gasland. You’re presented with two proposals that will achieve the same level of reduction in the use of gas. Proposal A would force everybody to reduce their gas consumption by 5 percent. Proposal B would impose a 50-cent tax on the consumption of a gallon of gas, which would also achieve a 5 percent reduction.

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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