Suppose that the market for alcohol in large metropolitan

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Suppose that the market for alcohol in a large metropolitan area, the local government is concerned about the number of DUI’s and has decided to impose a sin tax on alcohol sales. If demand in this market is inelastic and supply is elastic, what would be the result of this tax? Draw a graph illustrating who how consumers and sellers in this market would share the burden of the tax.

Reference no: EM131172258

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