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Old 03-12-2009, 01:54 PM   #13
The Magic Man
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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

I think I just peed a little bit.
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