Suppose that the government imposes a $2-a-cup tax on coffee. What determines by how much Starbucks will
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Suppose that the government imposes a $2-a-cup tax on coffee. What determines by how much Starbucks will raise its price? How will the quantity of coffee bought in coffee shops change? Will this tax raise much revenue?
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The Impact of a 2acup Coffee Tax Heres a breakdown of the potential impact of a 2acup tax on coffeeaddressing your specific questions 1 Price Increase ...View the full answer
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Jehal Shah
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