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Goods and Services Tax (GST) Assignment | Homework For You

Author:
October 26th, 2019

Based on the news on “Solar energy storage manufacturers want lower GST levy on batteries”, develop a critical response to the following questions:
1. Critically analyse the impact of lowering the Goods and Services Tax (GST) levy on batteries from 28% to 5% on battery market in India, all else being equal. (Tips: please analyse the impact on market outcome in terms of price, quantity, consumer and producer surplus, etc.)Homework For You
2. Critically analyse the impact of lowering the GST on batteries from 28% to 5% on Electric Vehicle (EV) market in India. (Tips: rechargeable battery is an input for EV. Please analyse the impact on market outcome in terms of price, quantity, profit in the short and long run.)
3. Critically analyse the impact of lowering the GST on batteries from 28% to 5% on petrol vehicle market in India. Get Economics homework help today

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