a) Indirect taxation

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7 Terms

1
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  • state how indirect taxation affects consumers

  • consumer spending price for the good or service increases

2
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  • state how indirect taxation affects producers

  • producer profit from the good or service decreases

3
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  • state how indirect taxation affects governments

  • government revenue increases

4
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  • show the specific tax graph for a price inelastic good

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5
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  • show the specific tax graph for a price elastic good

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6
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  • show the ad valorem tax graph for a price inelastic good

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7
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  • show the ad valorem tax graph for a price elastic good

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