Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 4, Problem 5CQ
To determine

Tax on cigarettes.

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The tax on cigarettes in New York City is the higher in the nation--$5.85 per pack.  Does this tax raise a lot of revenue for New York City?  Why or why not?
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