Explain the incentives effects of hypothetical taxes

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Reference no: EM131442665

Question: 1. Explain how the incentives effects of each of the following hypothetical taxes would cause people to change their behaviour; be sure to explain what people are likely to do less of and what they are likely to do more of in response to each tax:

a. A $1,000,000-per story tax on all office buildings more than two stories tall

b. A $ 2,000-per-car-tax on all red (and only red)cars

c. A $100-per book tax on all new college textbooks

Reference no: EM131442665

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