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Pastimes : Austrian Economics, a lens on everyday reality

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To: Wildstar who wrote (296)	11/16/2003 12:09:58 AM
From: Don Lloyd	of 445

Wildstar, Is the Laffer curve entirely consumer dependent? Yes, but there are two separate pseudo-Laffer curves involved. The first is for the total market demand vs total market revenue. The second is for a particular supplier and his price and his revenue as he faces competition. Regards, Don

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