With a 7% sales tax, the consumer buys an item for $100 and pays $107 at the

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With a 7% sales tax, the consumer buys an item for $100 and pays $107 at the cash register. How much burden does the 7% sales tax impose on the consumer? Draw a diagram and refer to it in your explanation.

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Public Finance

ISBN: 9780073375748

1st Edition

Authors: Laurence S. Seidman

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