4. A sales tax, collected from the seller, will shift the firm's cost curves upward. Outline the...

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4. A sales tax, collected from the seller, will shift the firm's cost curves upward. Outline the impact of a sales tax within the framework of the competitive model. Use diagrams to indicate both the short-run and long-run impact of the tax. Who will bear the burden of the sales tax?

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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