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1.The federal income tax will be eliminated and replaced with a value added tax (similar to...

1.The federal income tax will be eliminated and replaced with a value added tax (similar to a sales tax). What is the effect of the policy change on the municipal bond supply and demand graph? Draw the graph and label.

2.The federal income tax will be eliminated and replaced with a value added tax (similar to a sales tax). What is the effect of the policy change on the corporate bond supply and demand graph? Draw the graph and label.

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