Labor supplied decrease if the tax elasticity of supply

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Reference no: EM13770438

By how much might the quantity of labor supplied decrease if the tax elasticity of supply were 0.20 and the marginal tax rate increased from 35 to 39 percent?

Instructions: Enter your response as a positive percent rounded to one decimal place (do not include a (-) negative sign). Use the mid-point formula.

___________%

Reference no: EM13770438

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