=+b. Given that I live in the South, the grits tax turned out to be unpopular in
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=+b. Given that I live in the South, the grits tax turned out to be unpopular in my congressional district and has led to the defeat of my member of Congress. His replacement won on a progrits platform and has vowed to repeal the grits tax. However, new budget rules require her to include a new way to raise the same tax revenue that was yielded by the grits tax. She proposes simply to ask each grits consumer to pay exactly the amount he or she paid in grits taxes as a monthly lump sum payment. Ignoring for the moment the difficulty of gathering the necessary information for implementing this proposal, how would this change my wife’s budget constraint?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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