The city of Berne recently enacted a 1 0 % tax on the price of a subway

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Question:

The city of Berne recently enacted a

10 %

tax on the price of a subway ticket. Consequently, Mrs

.

Lane now walks to work instead of taking the subway. Her behavior illustrates the substitution effect of a tax increase.

Group of answer choices

True

False

Related Book For answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

See More Books

Posted Date: Feb 13, 2024 10:10 AM

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The city of Berne recently enacted a 1 0 % tax on the price of a subway

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Taxation Of Individuals And Business Entities 2015

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