Question: 3.6 How would the answer to Solved Problem 8.2 change if, instead of a specific tax, Manitoba imposes an ad valorem tax (see Chapter 3)

3.6 How would the answer to Solved Problem 8.2 change if, instead of a specific tax, Manitoba imposes an ad valorem tax (see Chapter 3) of α

percent on lime produced in that province? (Hints:

See Solved Problem 8.2. What role does the market price play in the analyses of the two types of tax?)

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