Effect Of Taxes And Subsidies On Price
Taxes and subsidies change the price of goods and, as a result, the quantity consumed.
Read more about Effect Of Taxes And Subsidies On Price: Tax Impact, Subsidy Impact, Effect of Elasticity, An Illustration
Famous quotes containing the words effect of, effect, taxes and/or price:
“The law before us, my lords, seems to be the effect of that practice of which it is intended likewise to be the cause, and to be dictated by the liquor of which it so effectually promotes the use; for surely it never before was conceived by any man entrusted with the administration of public affairs, to raise taxes by the destruction of the people.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Cause and effect are two sides of one fact.”
—Ralph Waldo Emerson (1803–1882)
“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations.... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”
—John Kenneth Galbraith (b. 1908)
“A work of art that contains theories is like an object on which the price tag has been left.”
—Marcel Proust (1871–1922)