EBK ECONOMICS
EBK ECONOMICS
13th Edition
ISBN: 8220106799642
Author: PARKIN
Publisher: PEARSON
Question
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Chapter 6, Problem 15APA

a)

To determine

The impact of tax increase.

b)

To determine

The effect of tax increase on the elasticity of demand.

c)

To determine

The effect of increase in tax rate on tax revenue.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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