(i) Normal goods [5]
(ii) Inferior goods [5]
(iii) Giffen goods [5]
(b) Compare the efficiency and welfare impact of an income tax and a sales tax imposed on a
consumer.
Use the indifference curve analysis to: (a)distinguish the following commodity categories?
- Posted:
- 3+ months ago by Vimbai
- Topics:
- curve, sale, tax, good, income tax, normal, microeconomics, commodity, analysis
Details:
Answers
No answers have yet been posted. Add your answer to this question.