A government wants to place an excise tax on textbooks. It knows that textbooks tend to be purchased at the last minute and that they are necessary because they are required for courses. Textbook publishers can print more textbooks quickly and relatively cheaply. A legislator claims that if the tax is placed on the sellers, textbook buyers should not be affected. Do you agree or disagree? Explain.

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The Answer of A government wants to place an excise tax on textbooks. It knows that textbooks tend to be purchased at the last minute and that they are necessary because they are required for courses. Textbook publishers can print more textbooks quickly and relatively cheaply. A legislator claims that if the tax is placed on the sellers, textbook buyers should not be affected. Do you agree or disagree? Explain.

A Government Wants to Place an Excise Tax on Textbooks