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Taxation Suppose Government introduce new Taxes which leads to a change in demand of SUV Vehicles. Using the given information to answer the rest of

Taxation

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Suppose Government introduce new Taxes which leads to a change in demand of SUV Vehicles. Using the given information to answer the rest of the questions as follow: iv) Illustrate this graphically on the existing market economy in (ii). v) Critically discoss the policy effect of a Government introduction of new taxes to raise more revenue for infrastructural development? (Hint: show all workings analytically)

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