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
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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
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