Title: The graphs show the supply (S) and demand (D) in the market for labor that has a tax on labor ...
Post by: jake82 on Nov 14, 2022
The graphs show the supply (S) and demand (D) in the market for labor that has a tax on labor income, in the market for capital that has a tax on capital income, and in the market for land that has a tax on land income.
Assume that P1=$12.50, P2=$24.00, P3=$36.50, Q1=$320, Q2=785, and Q3=1,130. Which tax is most efficient? Which is the least efficient?
▸ labor tax, land tax
▸ capital tax, labor tax
▸ capital tax, land tax
▸ land tax, capital tax
Assume that P1=$12.50, P2=$24.00, P3=$36.50, Q1=$320, Q2=785, and Q3=1,130. Which tax is most efficient? Which is the least efficient?
▸ labor tax, land tax
▸ capital tax, labor tax
▸ capital tax, land tax
▸ land tax, capital tax
Title: The graphs show the supply (S) and demand (D) in the market for labor that has a tax on labor ...
Post by: ordinarykathy on Nov 14, 2022
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