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Assume the price elasticity of demand (Ed) is 0.4 for alcohol. If society wanted to reduce the consumption of alcohol by 30%, by what percentage
Assume the price elasticity of demand (Ed) is 0.4 for alcohol. If society wanted to reduce the consumption of alcohol by 30%, by what percentage should a tax raise the price of alcohol to meet this goal
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
