An empirical study by Callison and Kaestner (2012) suggests that a 100% cigarette tax would be required
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An empirical study by Callison and Kaestner (2012) suggests that a 100% cigarette tax would be required to decrease adult smoking by as much as 5%. What does this result imply about the shapes of the supply and demand curves (assuming that the cigarette market is competitive)?
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A tax levied on producers shifts the supply curve up by an amount equal to the size ...View the full answer
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