In a proportional tax system each individual would pay the same percentage of his or her income in taxes

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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As a consumer spends a larger share of his income on a particular good, the price elasticity of demand for that good:

A) increases. B) decreases. C) initially decreases then increases. D) remains the same.

Economics

Three forces played a significant role in preparing Indian policy makers for economic reform. Describe them

What will be an ideal response?

Economics