Question: Question 3: Compare the equilibrium tax rates between two societies facing parameters (#102) and (,u', 02) where u' > p. Interpret your nding and select

Question 3:

Compare the equilibrium tax rates between two societies facing parameters (#102) and (,u', 02) where u' > p. Interpret your nding and select the true statement below. It is uncertain which equilibrium tax rate will be higher The equilibrium tax rate will be higher for the former society The equilibrium tax rate will be higher for the latter society The equilibrium tax rates will be the same

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