Problem
A study of the Bush tax cuts of 2001 noted that the top 1 percent of income earners reaped the biggest benefits. What assumptions about the elasticities of demand and supply for high-wage labor and capital might be consistent with this assessment? What other facts about demand and supply and market outcomes would you need to know to verify this claim?
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.