Solution-Tax revenues for the government

Tax revenues for the government

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Suppose that 10,000,000 units of a good are sold in a given market each year. A politician argues that imposing a tax of $5.00 per unit would increase tax revenues for the government by $50,000,000. Is she right? Explain.

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Tax revenues for the government

Reference no: EM132343963

Reference no: EM132343963

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