Question
You work as a commissioner on the planning board of the local public transport authority. Recently the government implemented a large tax rebate in an
You work as a commissioner on the planning board of the local public transport
authority. Recently the government implemented a large tax rebate in an attempt to
stimulate the economy. However after the tax rebate you notice that commuter spending
on public transport has paradoxically decreased. Explain this behavior.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
