The net revenue gains to states from implementing remote taxes would likely be less than estimated because
A. people will just lie about their location.
B. consumers will decrease? out-of-state purchases.
C. there is no way to identify? out-of-state sales.
D. tax rates vary among states.
Ans: B. consumers will decrease? out-of-state purchases.
Economics
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When total revenue and price are inversely related, demand is
A) unit-elastic. B) inelastic. C) elastic. D) not related.
Economics
For a perfectly competitive firm,
a. P = AR at all levels of output b. P = AR at the profit-maximizing quantity only c. P > AR at all levels of output d. P < AR at the profit-maximizing quantity only e. P < AR at all levels of output
Economics