State E wants to encourage the development of a local wine industry. Consequently, it decreased its excise

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State E wants to encourage the development of a local wine industry. Consequently, it decreased its excise tax rate on retail sales of locally produced wines to 3 percent. The state's excise tax on wines produced out-of-state but sold in-state is 10 percent.
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Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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