Taxes on tobacco and alcohol are nearly perfect taxes. They raise lots of revenue and discourage smoking
Question:
a. To what extent are the two effects inconsistent?
b. How is the burden of an excise tax related to the extent to which it discourages use of the product?
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a The two effects are inconsistent in the sense that the more the taxes ...View the full answer
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Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Question Posted:
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