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    Principles of Economics Study Set 8
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    Exam 8: Applications: The Costs of Taxation
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    Economists Dismiss the Idea That Lower Tax Rates Can Lead
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Economists Dismiss the Idea That Lower Tax Rates Can Lead

Question 123

Question 123

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Economists dismiss the idea that lower tax rates can lead to higher tax revenue, because there is a consensus that the relevant elasticities of demand and supply are very low.

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