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As early as the 17th century, Sir William Petty, one of the . . . . . . . of modern economics, argued that a tax on the production and sale of commodities would eventually be shifted by producers to consumers, who would pay it in the form of higher prices.

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As early as the 17th century, Sir William Petty, one of the . . . . . . . of modern economics, argued that a tax on the production and sale of commodities would eventually be shifted by producers to consumers, who would pay it in the form of higher prices.






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