Suppose the local government at a very popular tourist destination (Paris, Venice, etc.) is considering imposing a
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Question:
Suppose the local government at a very popular tourist destination (Paris, Venice, etc.) is considering imposing a tax on hotel rooms.
a) Are they likely going to be able to set a higher tax rate than would be found in a less popular destination?b) Would this be an example of taxing economic rent? (explain)
Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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