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Based on your knowledge of the price elasticity of demand, do you think the dead-weight loss of a soda/junk-food tax would be relatively large or
Based on your knowledge of the price elasticity of demand, do you think the dead-weight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.
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