=+b. Now suppose the government announces a tax rate t (with 0 , t # 1) that
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=+b. Now suppose the government announces a tax rate t (with 0 , t # 1) that will be levied on income obtained purely from land. What happens to the value of the plot of land?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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