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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