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Author Question: Tax incidence is the actual division of the A) tax revenues between the federal government and ... (Read 47 times)

itsmyluck

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on: Jun 29, 2018
Tax incidence is the actual division of the
 
  A) tax revenues between the federal government and state governments.
  B) population into different tax brackets.
  C) burden of the tax between buyers and sellers in a market.
  D) tax revenues between government agencies.

Question 2

Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. The market price falls to 18. What is the value of consumer surplus?
 
  A) 0 B) 270 C) 305 D) 320


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DHRUVSHAH

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


itsmyluck

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Reply #2 on: Jun 29, 2018
Thank you :)


DHRUVSHAH

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Reply #3 on: Jun 29, 2018
Happy to help you


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