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The imposition of indirect tax on commodities tends to be
The imposition of indirect tax on commodities tends to be
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Solution
The correct option is D High inflationary
The imposition of indirect tax on commodities tends to be highly inflationary. It increases their market prices and leads to a rise in the cost of living as a result of which trade unions demand higher wages to maintain real income of their workers.
High inflationary
The imposition of indirect tax on commodities tends to be highly inflationary. It increases their market prices and leads to a rise in the cost of living as a result of which trade unions demand higher wages to maintain real income of their workers.
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