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Economics Unit 5 – Economics of Taxations

Business & EconomicsBy William Anderson (Schoolworkhelper Editorial Team)January 25, 2018Leave a comment

Section 9.1 – economic impact of taxes When a tax is placed, the good or service raises the cost of production and the price of the product With less products sold, resources has to be cut from a business Can be used to encourage/discourage certain types of activities Sin tax – relatively high tax designed…

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