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Business, 20.07.2021 01:40 zmerriweather167
To simplify our consumption models, suppose U. S. consumers only purchase food and all other goods where food is plotted along the horizontal axis of the indifference map. Also, suppose that all states initially impose state sales taxes on all goods (including food), but then the states exempt food from the state sales tax. How does this tax policy change alter the consumer's budget line
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