Tuesday, March 15, 2022

Punitive Tax on Russian Oil

Here is an interesting article on the tax incidence analysis (taught in basic Microeconomics classes).  It is demand and supply elasticity of Russian oil. The scenario is a punitive tax on Russian oil, high demand elasticity and short-term supply elasticity.










Mike Luckovich | Copyright 2022 Creators Syndicate.

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Sinkhole - A Natural Depression

Sinkhole is a natural depression. Sinkholes are all about water.  Image: WaterMatters.org Image: CartoonStock

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