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Suppose the governmentis thinking ofimposingasales tax on aparticularbrand of cigarette. What will be the likely impact of thistax on the price ofthatcigarettebrandand who will bear
Suppose the governmentis thinking ofimposingasales tax on aparticularbrand of cigarette. What will be the likely impact of thistax on the price ofthatcigarettebrandand who will bear the major burden of the tax? How will youranswer change if the tax was imposed ona particular brand ofcoffee instead? Explain in detail with help of appropriate diagram.
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