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1. Suppose that households1 utility from consumption of food and other goods is given by: (qfa go) = mml3qf= 29b]. (1) Will an ad valorem
1. Suppose that households1 utility from consumption of food and other goods is given by: \"(qfa go) = mml3qf= 29b]. (1) Will an ad valorem tax on other goods generate an excess burden? Explain. Hint: Draw a diagram
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