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Author Question: Article Summary Among a package of anti-smoking bills designed to lower California's health care ... (Read 53 times)

rl

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on: Mar 15, 2019

Article Summary


Among a package of anti-smoking bills designed to lower California's health care costs by reducing the use of tobacco products is a bill sponsored by Dr. Richard Pan that would increase the tax on a pack of cigarettes by $2. California currently has a tobacco tax of 87-cents-per-pack, making California's tax 33rd in the nation and well below the New York state tax of $4.35 a pack. The state taxes are in addition to a $1.01 federal tax on cigarettes. The bill stipulates that the revenue collected must be used to increase the number of physicians in California as well as support existing health care programs managed by the state. A Field Poll taken one day following the announcement of the bill found that two-thirds of California voters support the increase in the cigarette tax.
Source: Tracy Seipel and Jessica Calefati, "Cigarette tax: California voters overwhelmingly back $2-a-pack increase," San Jose Mercury News, August 27, 2015.


Refer to the Article Summary. The additional tax of $2 per pack of cigarettes being proposed by Senator Pan would have which of the following effects on the market for cigarettes in California?


◦ Consumer surplus will decrease.
◦ Producer surplus will increase.
◦ Deadweight loss will decrease.
◦ Market efficiency will increase.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by rl on Mar 15, 2019

Carliemb17

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rl

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Reply 2 on: Mar 15, 2019
Excellent

vickybb89

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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