Explain how to eliminate the tax on gadgets

Reference no: EM13238266

Suppose the government currently raises $100 million through a 1-cent tax on widges, and another $100 million through a 10-cent tax on gadgets. if the government doubled the tax rate on widgets and eliminated the tax on gadgets, would it raise more tax revenue than it does today, less tax revenue, or the same amount? Explain

Reference no: EM13238266

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