Suppose an identical tax is levied on capital, labor, and land. Would the tax have the same

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Suppose an identical tax is levied on capital, labor, and land. Would the tax have the same effect in each of these markets? Explain your answer.

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:56 AM

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Suppose an identical tax is levied on capital, labor, and land. Would the tax have the same

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The effect of the tax would depend on the relative elasticities of supply and de...View the full answer

Microeconomics

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