Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue

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Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue.

Is this plausible? Explain.

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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:01 AM

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Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue

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Principles Of Microeconomics

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