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The effect of higher cigarette taxes on the quantity of

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Reference no: EM13316284

Briefly explain whether each of the following is primarily a microeconomic issue or a macroeconomic issue.

a. The effect of higher cigarette taxes on the quantity of cigarettes sold

b. The effect of higher income taxes on the total amount of consumer spending

c. The reasons for the economies of East Asian countries growing faster than the economies of sub-Saharan African countries

d. The reasons for low rates of profit in the airline industry

Reference no: EM13316284

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