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PROPORTIONAL TAX
Is where whatever the size of income, the same rate or same percentage is charged. Examples are commodity taxes like customs, excise duties and sales tax.
Its advantage is that it's much simpler than progressive taxation.
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2
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why firms under oligopoly market should follow price rigidity?
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Classification of oligipoly
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what is the role of managerial economics in running a business?
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