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Despite the fact that taxes are assessed on the sellers, why are these taxes likely to be (in large part) passed-through to consumers via higher
Despite the fact that taxes are assessed on the sellers, why are these taxes likely to be (in large part) "passed-through" to consumers via higher prices? (Hint: think about how responsive consumers might be to price changes of legal cannabis) What does this say about the possible comparison between the shape of the demand and supply (steep vs flat) and why the tax burden might fall mostly to the consumers?
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