Consider a consumer, who can buy two goods and has income of M. The government is considering levying a sales tax on both good of 10%. What is the equivalent income tax the government could levy?

0.1/1.1

0.9

0.1

0.99

It is not possible to say with the above information.

LJ Question 15 1 pts Consider a consumer, who can buy two goods and has income of M. The government is considering levying a sales tax on both good of 10%. What is the equivalent income tax the government could levy? 0 0131.1 0 0.9 o 0.1 O 0.99 Q It is not possible to say with the above information