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Suppose you're a policy maker, and you want to reduce the consumption of sins such as tobacco and alcohol. Would you consider increasing the taxes

Suppose you're a policy maker, and you want to reduce the consumption of "sins" such as tobacco and alcohol. Would you consider increasing the taxes on them? Why? Why not? What effects would you expect? Please try to be as detailed as possible and include as many effects as possible in the context of the content in this module.

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