Assume that the supply of oil is inelastic what is the
Assume that the supply of oil is inelastic. What is the effect of a tax by all countries on oil? Does it reduce oil consumption? Assume that only Switzerland imposes a tax on oil. What happens to world oil consumption? To Swiss oil consumption?
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throughout the text we have emphasized how different government actions affect various groups in the population
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assume that the supply of oil is inelastic what is the effect of a tax by all countries on oil does it reduce oil
consider a two-period model in which oil still in inelastic supply can be used either this period or next period in
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many of the issues of state and local taxation are similar to issues that arise in international contexts many
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