question archive Suppose households supply 560 billion hours of labor per year and have a tax elasticity of supply of 0
Suppose households supply 560 billion hours of labor per year and have a tax elasticity of supply of 0
Subject:EconomicsPrice:2.88 Bought3
Suppose households supply 560 billion hours of labor per year and have a tax elasticity of supply of 0.16. If the tax rate is increased by 6 percent, by how many hours will the supply of labor decline?
_____ billon labor hours
