adityapareshshah wrote:
sayantanc2k wrote:
gsrividhya wrote:
Hello,
As per my analysis, Option D justifies and resolves the paradox.
It is clear from premise that the "vice tax"can suppress demand for a product or service that is not wholly in the public's favor by making it more expensive
If the public/people in Balbonia are favorable for nicotine products (ingrained habit i.e fixed habit) then the vice tax shall not produce the same effect similar to the effect in Geraldia where people donot smoke habitually.
Option D clearly explains the
As per my analysis, Option D justifies and resolves the paradox.
It is clear from premise that the "vice tax"can suppress demand for a product or service that is not wholly in the public's favor by making it more expensive
If the public/people in Balbonia are favorable for nicotine products (ingrained habit i.e fixed habit) then the vice tax shall not produce the same effect similar to the effect in Geraldia where people donot smoke habitually.
Option D clearly explains the
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