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a. It is more equitable. The broader shoulders are asked to carry the heavier burden.
b. It satisfies the canon of productivity as it yields much more than it would under proportional taxation.
c. It satisfies the canon of equity as it brings about an equality of sacrifice among the taxpayers.
d. To some extent it reduces inequalities of wealth distribution.
Q. Describe the Public Utility Monopoly? Public Utility Monopoly: Governmental authorities seize complete management and control of some utilities to protect social interest
Rail Tours sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn when colors are at their peak. The overnight pac
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Q. Explain Price elasticity and total revenue? Given the relationship between price elasticity and marginal revenue of demand in Eq. II, the decision-makers can simply know whe
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