Why equal taxing several goods at a modest rate is better

Reference no: EM131922966

Problem

Explain, with reference to the price and quantity effects, why all else equal, taxing several goods at a modest rate is better than taxing one good at a very high rate.

Reference no: EM131922966

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Why equal taxing several goods at a modest rate is better : Wwith reference to the price and quantity effects, why all else equal, taxing several goods at a modest rate is better than taxing one good at a very high rate.

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