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In 2016, Philadelphia imposed a tax on sweetened beverages(drinks) Consequently the sales of sweetened beverages in Philadelphia fell by 20 percent after the tax took

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In 2016, Philadelphia imposed a tax on sweetened beverages(drinks) Consequently the sales of sweetened beverages in Philadelphia fell by 20 percent after the tax took effect. If the elasticity of demand for sweetened beverages in Philadelphia is 2, then the price of sweetened beverages in Philadelphia would have increased by percent following the implementation of the tax. 40 80 10 04

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