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What is a sin tax? Should we tax sugary drink? Mention its relationship to elasticity.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 14RQ: Describe the general appearance of a demand or a supply curve with infinite elasticity.

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