If demand conditions remained the same (i.e. the demand curve and demand did not change): What would you expect to happen to equilibrium prices if there was a further increase in input taxes on dispensaries (Increase, decrease, stay the same)? What would you expect to happen to equilibrium quantity demanded (increase, decrease, stay the same)? How would the price elasticity of demand repond to the equilibrium above (more elastic, less elastic, equally elastic)? Think about the fundamental determinants of price elasticity of demand discussed in the lecture and the textbook: why would the price elasticity respond or not respond this way