Question
Consider two individuals (a rich individual and a poor individual) and two types of goods: public goods and private goods. a) Explain the effects of
Consider two individuals (a rich individual and a poor individual) and two types of goods: public goods and private goods.
a) Explain the effects of proportional taxation assuming that the income effect of the poorer individual dominates the substitution effect with the help of a well-labelled diagram.
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
