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Essay

Taxation and the Tobacco Industry

Essay specific features

 

Issue:

Business

 

Written by:

Monica H

 

Date added:

January 5, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 763

 

Was viewed:

3511 times

 

Rating of current essay:

 
Essay content:

But is taxing the consumers enough to put the tobacco industry out of business, or will people continue to buy tobacco products at whatever price the market sets? The majority of the nation is in favor of the high prices, but it is hurting buyers more than the sellers. Cigarette sales have both a state and a federal tax imposed on the product...
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The sellers attempt to shove as much of the cost onto the consumer as they can so that they can make the most amount of money possible (Equilibrium, 2006). With consumers still pursuing their smokes and chewing tobacco, they have no choice but to pay whatever the sellers have on the market. There isn't a strong substitute for these goods, and there are no other products that contain the drug nicotine...
displayed 300 characters

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