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Business, 06.07.2019 05:50 fool2639

Because the demand curve is downward sloping (i. e., consumers cut back on smoking when cigarette prices go up) the seller is not able to transfer the entire burden of the tax on to the consumers. indeed sellers and buyers (same thing as consumers) share the burden. let x% be the consumer's share of the burden and y% be the seller's share. then,

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Because the demand curve is downward sloping (i. e., consumers cut back on smoking when cigarette pr...

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