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Question 5 Economic income is the sum of consumption and net worth. the change in net worth. wealth. transfer payments.
uestion 6 Suppose demand for widgets is given by the equation P 20-0,50. Originally, the price of the good is $10 per unit. W
Question 11 When the labor supply is very inelastic, the payroll tax is borne mostly by the employer. borne entirely by the e
astion 12 owners of partnerships must pay the corporate profits tax. report their firms Income directly on their individual i
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Answer #1

Sorry , I can answer only two questions , which are

Question no. 5

Economic income is the sum of consumption and ______

Option B -: the change in net worth

Topic :- The Economics of Taxation

Learning Outcome :- Micro - 24

Question 11

When the labor supply is very inelastic, the payroll tax is

Option C :-. borne mostly by the employee

Topic :- Tax incidence who pays ?

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