What are the possible impacts of increasing the Goods and Services Tax on various stakeholders? in terms of elastic, inelastic products / employment rates / in the long term/ in the short term / etc? And can you draw graph to illustrate?

Principles of Microeconomics (MindTap Course List)
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ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
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What are the possible impacts of increasing the Goods and Services Tax on various stakeholders? in terms of elastic, inelastic products / employment rates / in the long term/ in the short term / etc? And can you draw graph to illustrate?

 

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