Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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elemis:
Thanks Nid and aangel, I got it. I thought the prices rose FIRST and this would casue a MOVEMENT along the curves.

NVM :P Silly doubt.

+rep aangel (sorry Nid but she answered first  :-\ )

EDIT : I +repped you too Nid - seems I can add rep twice in a row immediately ;D

rhea:
are indirect taxes regressive?

elemis:

--- Quote from: rhea on June 10, 2010, 10:51:34 am ---are indirect taxes regressive?

--- End quote ---

Yes, they affect lower income groups more. This is since lower income groups spend a larger PROPORTION on goods that are regressively taxed.

hence a larger PROPORTION of their income  is taken as tax through these regressive sachems.

J.Darren:

--- Quote from: rhea on June 10, 2010, 10:51:34 am ---are indirect taxes regressive?

--- End quote ---
Whether a tax is regressive, progressive or proportional depends on its relationship with the person's income ... In this case the amount of GST payable by consumers with differnet levels of income is the same, hence GST is regressive.

aangel42:
Please can someone differentiate between:

1) social costs and external costs
&
2) social benefits and external benefits

Thank you!

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