Question

Microeconomics: The implementation of the Tourism Tax (TTx) has enforced on August 1, 2017 in Malaysia....

Microeconomics:

The implementation of the Tourism Tax (TTx) has enforced on August 1, 2017 in Malaysia. A tax rate is fixed at RM20 per room per night for five-star accomodation.

Evaluate the gains and losses from this policy, use graph to support your explanation.

Please write and draw the graph clearly.. thank you :)

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