When the tax on an article is increased by 20%, its consumption is decreased by 20%. In total tax receipt on this item-
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Q:
When the tax on an article is increased by 20%, its consumption is decreased by 20%. In total tax receipt on this item-
- 14% increasefalse
- 24% reductiontrue
- 35% increasefalse
- 4There was no difference.false
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