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jacksonfive09 jacksonfive09
wrote...
Posts: 431
4 years ago
Recall the Application about the group of large restaurant owners in France requesting that the government lower the VAT on restaurant meals to answer the following question(s).


Recall the Application. What would happen if there is a VAT cut on restaurant meals?

▸ Competitiveness will be decreased in the restaurant industry.

▸ Restaurant owners will cut the prices of restaurant meals.

▸ There will be a decrease in the sales of restaurant meals.

▸ none of the above
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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wrote...
4 years ago
Restaurant owners will cut the prices of restaurant meals.
jacksonfive09 Author
wrote...
4 years ago
Thanks
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