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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. This si about utility Maximization. Thank you.
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