Residential properties typically face a lower tax rate than commercial and industrial properties. Explain how the allocation
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Residential properties typically face a lower tax rate than commercial and industrial properties. Explain how the allocation of resources might change in a city if it were to raise the tax rate on homes and decrease the tax rate on business properties. What are the efficiency and equity implications of your analysis of this policy reform?
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The effect of the change in tax rates would depend upon t...View the full answer
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Related Book For 
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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