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Graves, Philip E. | 1 |
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Graves, Philip E.; And Others – Journal of Economic Education, 1996
Criticizes the standard presentation, in introductory economics, of the burden of a tax as an application of elasticity. Argues that using the slopes of a supply and demand curve is the simplest and easiest way to clarify tax incidence. Includes three graphs illustrating this approach. (MJP)
Descriptors: Business Cycles, Economic Change, Economic Climate, Economic Factors