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What happens to the market when the government implements a tax? (Hint: think about the effect a tax has on consumer and producer surplus) If
- What happens to the market when the government implements a tax? (Hint: think about the effect a tax has on consumer and producer surplus)
- If taxes affect the market like that, then why should we even have taxes? Think about why governments use taxes, in general, and what the tax revenue is used for.
- Reply to 2 other classmates.
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408076866
