1) Explain the difference between lump sum tax and income tax. (20 pts) 2) Good A has a negatively sloped linear demand

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1) Explain the difference between lump sum tax and income tax. (20 pts) 2) Good A has a negatively sloped linear demand

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1 Explain The Difference Between Lump Sum Tax And Income Tax 20 Pts 2 Good A Has A Negatively Sloped Linear Demand 1
1 Explain The Difference Between Lump Sum Tax And Income Tax 20 Pts 2 Good A Has A Negatively Sloped Linear Demand 1 (17.43 KiB) Viewed 77 times
1) Explain the difference between lump sum tax and income tax. (20 pts) 2) Good A has a negatively sloped linear demand curve. Suppose that before-tax price of good A is Po. Assuming that the supply curve is perfectly elastic, (a) Explain graphically the deadweight loss that will occur as a result of a tax rate of C (10 pts) (b) Explain graphically the deadweight loss that will occur as a result of a subsidy rate of s (10 pts)
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