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Bill the Butcher Is Upset Because the Government Plans to Tax

Question 202

Essay

Bill the butcher is upset because the government plans to tax beef $.10 a pound. "I hate paying taxes," he says. "Because of this, I'm raising all my beef prices by $.10 a pound. The consumers will bear this burden, not me." Do you see anything wrong with this way of thinking? Explain.

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The demand for Bill's beef is probably l...

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