Question
https://www.pbs.org/newshour/economy/making-sense/how-taxing-sugary-drinks-affects-a-communitys-health-and-economy Please use the below PBS article link to answer the below questions: https://www.pbs.org/newshour/economy/making-sense/how-taxing-sugary-drinks-affects-a-communitys-health-and-economy Questions: [All three questions are open-ended] a. Is there an externality
https://www.pbs.org/newshour/economy/making-sense/how-taxing-sugary-drinks-affects-a-communitys-health-and-economy
Please use the below PBS article link to answer the below questions:
https://www.pbs.org/newshour/economy/making-sense/how-taxing-sugary-drinks-affects-a-communitys-health-and-economy
Questions:
[All three questions are open-ended] a. Is there an externality associated with consuming sugary beverages? Explain. b. How can a tax on sugary beverages address this issue? Use a supply-demand graph to illustrate your answer. c. Will the tax burden fall on consumers, retailers, or both? Illustrate your answer in the supply-demand graph.
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