An individual currently 5 works 2000 hours per year and
Suppose that the compensated elasticity of labour supply is 0.25. An individual currently (5) works 2000 hours per year and earns $30 per hour. Find the excess burden of an income tax at 25%.
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suppose that the compensated elasticity of labour supply is 025 an individual currently 5 works 2000 hours per year and
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