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In order to raise revenue and make the tax code more efficient, you are aware that increasing prices (which increasing taxes do) can both increase
In order to raise revenue and make the tax code more efficient, you are aware that increasing prices (which increasing taxes do) can both increase and decrease revenue, and that lowering prices/taxes can both increase and decrease revenue.
Focusing on elasticity, supply and demand -- logically justify increasing the tax rate on Alcohol. Should you raise taxes? explain your answer.
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