27. Suppose and . The equilibrium is 28. Suppose and . The equilibrium quantity is 29. Suppose . If taxes are progressive which of the following is true? 30. Suppose . If taxes are regressive which of the following is true? 31. Suppose . If taxes are proportional which of the following is true?
27. Suppose and . The equilibrium is 28. Suppose and . The equilibrium quantity is 29. Suppose . If taxes are progressive which of the following is true? 30. Suppose . If taxes are regressive which of the following is true? 31. Suppose . If taxes are proportional which of the following is true?
Chapter_1_Economic_Models.docx