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joanne1718 joanne1718
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5 years ago
Suppose the government wants to finance housing for low-income families by placing a tax on the purchase of luxury homes. Assume the government defines a luxury home as a home that is purchased for at least $1 million. This tax is consistent with the

• benefits-received principle.

• social equity principle.

• ability-to-pay principle.

• horizontal-equity principle.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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mcwieckmcwieck
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5 years ago
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joanne1718 Author
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5 years ago
Thank you, thank you, thank you!
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