How does tax help to stabilise the prices of products

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asked Mar 25, 2023 214k views

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How does tax help to stabilise the prices of products

Business
high-school

Suddjian asked

by Suddjian

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Answer:

An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income).

Hope it helps!

SilverlightFox answered Mar 31, 2023

by SilverlightFox

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