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Since consumers' utility depends on their income and prices of goods and services, critically analyze the theoretical notion that a general income tax or subsidy

Since consumers' utility depends on their income and prices of goods and services, critically analyze the theoretical notion that a general income tax or subsidy to individuals generates higher utility maximization than the same tax or subsidy on specific products or services. To substantiate your answers fully, you are expected to use relevant concept and equation with illustration by relevant diagram (s). Also need to provide proper citations and references for your reading materials as well as to give comments on at least one posting from your class mate(s)

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