Problem
1. Explain the difference between the legal incidence of taxes and the economic incidence of taxes.
2. What does it mean to say a demand function is homogeneous of degree zero and what is the significance of that?
3. Compare the weak axiom of revealed preference with the strong axiom of revealed preference.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.