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Suppose that the Federal government decided to impose a tax of $2 on all vaping devices. The money raised from this tax would then be

Suppose that the Federal government decided to impose a tax of $2 on all vaping devices. The money raised from this tax would then be used to educate teenagers on the dangers of vaping. According to economic theory, how will this affect demand for vaping products? Is the demand for vaping products elastic or inelastic - with respect to price increases?

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