FS08EC2106_L8 - ECON 2106-C B-C KIM Application The Costs...

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ECON 2106-C B-C KIM
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Application: The Costs of Taxation It does not matter whether a tax on a good is levied on buyers or sellers of the good . . . the price paid by buyers rises, and the price received by sellers falls. How do taxes affect the economic well-being of market participants?
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