What extent you think a tax on cigarettes would fulfill

Reference no: EM131923032

Problem

The demand for cigarettes, which create negative externalities through secondhand smoke, is often relatively inelastic. That is, when the price of cigarettes changes, the quantity demanded changes by a smaller portion. Using this fact, explain to what extent you think a tax on cigarettes would fulfill each of the goals of taxation.

Reference no: EM131923032

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