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Studies of tax and price policies applied to tobacco and alcohol products in many countries provide persuasive evidence of their impact on decreasing consumption of
Studies of tax and price policies applied to tobacco and alcohol products in many countries provide persuasive evidence of their impact on decreasing consumption of those products. These policy interventions may serve as models for similar approaches for lowering consumption of highly saturated fats or other energy-dense foods and what could be the critical differences among the types of interventions ? Analyze this scenario in an economic perspective using the concepts of supply, demand, and elasticity.
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