INCREASE IN TAX ONALCOH OL AND TOBACCOSpecific excise duty on alcohelle bever ges and tobacco products will increaseby 8%INCREASES WITMOUT BEER14c per 340ml canUNFORTIFIED WNE56e per 7 50mi bottleFORTIFIED WINE44c per 750ml bottleSPARKLING WINE86c per 750ml bottleAPPLE BEER AND ALCOHOLIC FRUIT DRINKS14c per 840ml canSTRONG BEVERAGE/ORINKSRS,50 per 750ml bottle1Excise duty is also known as2 In your opinion, do you think it was the right decision to increase excise taxes?Motivate your answer.

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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 25CTQ: Transatlantic air travel in business class has an estimated elasticity of demand of 0.62, while...

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Question

INCREASE IN TAX ON
ALCOH OL AND TOBACCO
Specific excise duty on alcohelle bever ges and tobacco products will increase
by 8%
INCREASES WIT
MOUT BEER
14c per 340ml can
UNFORTIFIED WNE
56e per 7 50mi bottle
FORTIFIED WINE
44c per 750ml bottle
SPARKLING WINE
86c per 750ml bottle
APPLE BEER AND ALCOHOLIC FRUIT DRINKS
14c per 840ml can
STRONG BEVERAGE/ORINKS
RS,50 per 750ml bottle
1
Excise duty is also known as
2 In your opinion, do you think it was the right decision to increase excise taxes?
Motivate your answer.

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