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You are a state senator and have three new tax increase proposals to consider designed to raise tax revenues -- a tax of $1 on
You are a state senator and have three new tax increase proposals to consider designed to raise tax revenues -- a tax of $1 on gasoline; a tax of $1 on a pack of cigarettes; a tax of $1 on hamburgers.Describe what impact each proposal would have on consumers, the companies in the industry, and overall tax revenues? Which one(s) would you recommend to increase? why?
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