uppose that the supply of land is constant at L acres,and Price per acre is $400.In addition,the before-tax demand for land can be characterized by the equation P = 500 - 2L,where L is the acres of land and P is the price.
-Refer to Question above.Your textbook points out the importance of not deducting payments made as wages.What difference would it make in total tax revenue collected using the consumption-type VAT if this deduction were allowed at the firm level,but individuals were subject to the same tax on their wages?

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uppose that the supply of land is constant at L acres,and Price per acre is $400.In addition,the before-tax demand for land can be characterized by the equation P = 500 - 2L,where L is the acres of land and P is the price.
-Refer to Question above.Your textbook points out the importance of not deducting payments made as wages.What difference would it make in total tax revenue collected using the consumption-type VAT if this deduction were allowed at the firm level,but individuals were subject to the same tax on their wages?

Uppose That the Supply of Land Is Constant at L