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Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893 Exercise 11
The tax on cigarettes in New York City is the highest in the nation--$5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effects of this tax?
Explanation
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The tax revenue is calculated by multipl...
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
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