=+are a smoker and you wish to continue smoking despite tougher anti-smoking laws, describe the effect of

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=+are a smoker and you wish to continue smoking despite tougher anti-smoking laws, describe the effect of the following legislative proposals on your behavior.

As a result of these programs, do you, the individual smoker, benefit? Does society benefit as a whole?

a. A bill is proposed that would lower tar and nicotine levels in all cigarettes.

b. A tax is levied on each pack of cigarettes.

c. A tax is levied on each pack of cigarettes sold.

d. Smokers would be required to carry governmentissued smoking permits at all times.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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