Discuss carefully the given quotation

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Question: Discuss carefully the following quotation: "It is reasonable to assume that business can pass along the full value of the (value-added] tax to final consumers. But if [it is assumed that] businesses have the power to raise prices a dollar for each dollar they pay in value-added taxes. then it should also [be) assume[d] businesses can sinululy rise prices against every dollar they now pay in payroll and corporate income taxes" [Cockburn and Polka, 1992, p. A151.

Reference no: EM131490673

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