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Author Question: Consider an income-tax system that requires all individuals to pay exactly 3% of their income. This ... (Read 77 times)

majortom123

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on: Oct 12, 2022

Question 1

The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax.



FIGURE 18-6

Refer to Figure 18-6. Producers' total revenue after the excise tax is introduced is equal to


◦ $22 500.
◦ $87 750.
◦ $123 750.
◦ $112 500.
◦ $236 250.

Question 2

Consider an income-tax system that requires all individuals to pay exactly 3% of their income. This income-tax system is
◦ a lump-sum system.
◦ fair, since everyone pays the same amount.
◦ regressive, since 3% is harder to pay for a low-income taxpayer.
◦ progressive, because the higher the individual's income, the greater the amount of tax paid.
◦ proportional.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by majortom123 on Oct 12, 2022

JulianneMu

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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majortom123

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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