Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue

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Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:56 AM

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Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue

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If the state raises its sales tax from 5 to 6 it is not plausible that sales tax revenue will inc...View the full answer

Principles of economics

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