Multiple Choice
Which of the following statements is TRUE regarding cigarette taxes?
A) Cigarette manufacturers bear almost all of the cigarette taxes.
B) Cigarette manufacturers tend to ship their product from low-tax states to high-tax states.
C) The elasticity of cigarette supply in all states is very small so cigarette manufacturers receive higher after-tax prices in higher-tax states.
D) After-tax prices received by cigarette manufacturers are about the same in all states.
Correct Answer:
Verified
Correct Answer:
Verified
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