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Old 03-12-2009, 10:07 AM   #3
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Join Date: Feb 2009
Location: WV
Posts: 671
Default Re: Cigarette/sin taxes

Originally Posted by Fuhqueue
Studies show demand for cigarettes is generally inelastic, tax revenues increase as a response to higher duties, even with a corresponding reduction in quantity demanded. Or, to illustrate diagramatically:

So as you can see, it's plain as day

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