Answered: electronic cigarettes should be taxed…

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Economics

electronic cigarettes should be taxed and regulated like conventional cigarettes? Exp

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter4: Markets In Action

Section4.2: Can The Laws Of Supply And Demand Be Repealed?

Problem 3YTE

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Question

Do you think that electronic cigarettes should be taxed and regulated like conventional cigarettes? Explain.

Expert Solution

Step 1

Cigarettes are the most harmful consumption product as It contains excessive amount of tobacco which is the cause of nearly 8 million deaths per year according to world bank. Conventional cigarettes are the ones in which tobacco is filled in a roll of paper which is lighted and then smoked while in the electronic cigarettes there is an electronic device in which tobacco is heated and then inhaled by the smoker.

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