How the excise tax on hard liquor affect a beer distributor

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Reference no: EM132130678

Question - The federal government recently decided to raise the excise tax on hard liquor.

a. Graphically illustrate the effects of this tax on the market for hard liquor.

b. Would a $1 increase in the excise tax on liquor increase the equilibrium price of liquor by $1? Explain.

c. How would the excise tax on hard liquor affect a beer distributor?

Reference no: EM132130678

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