Novigrad city has elected a mayor who wishes to enact a new health initiative. She imposes a

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Novigrad city has elected a mayor who wishes to enact a new health initiative. She imposes a 10 percent tax on cigarettes to deter people from smoking. After one year, tax revenues from cigarettes increase by 5 percent. Does this mean that the tax increase did not discourage smoking? Explain.

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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