Question
ECO2103 PRINCIPLES OF MICROECONOMICS Assume that there was no covid 19 incident and the tourism industry was doing fine in Malaysia. In this case, Malaysian
ECO2103 PRINCIPLES OF MICROECONOMICS
Assume that there was no covid 19 incident and the tourism industry was doing fine in Malaysia. In this case, Malaysian government decided to apply sales tax on tourism sales. Using simple illustrations, explain the impact of the sales tax on the seller, buyer and the government. (Hint: You can assume the tourism industry either to be elastic or inelastic)
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
