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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558 Exercise 6
Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.
a. Do you expect that this tax would raise much revenue? Why or why not?
b. Even if the tax would raise no revenue, why might Senator Moynihan have proposed it?
a. Do you expect that this tax would raise much revenue? Why or why not?
b. Even if the tax would raise no revenue, why might Senator Moynihan have proposed it?
Explanation
Verified
Verified
(a) A levy of a 10,000-percent tax would...
ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
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