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If the government taxes only one good and gives back to people the tax revenue then a. people will be worse off as without any
If the government taxes only one good and gives back to people the tax revenue then a. people will be worse off as without any tax because of the substitution effect b. people will be worse off as without any tax because of the income effect c. people will be better off as without any tax because of the income and substitution effect. d. people will be the same as without any tax because of the income effect
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