RON T PAGE alifornians Vote to Triple Cigarette Tax acramento, CA-Californians voted to more than triple the state tax on cigarettes from $0.87 a ck to $2.87 a pack, beginning April 1, 2017. hti-smoking groups say the higher price will reduce smoking in the state. They foresee the oportion of smokers falling from the current 11.6 percent of the population to as low as 7.1 percent 2020. e state treasurer is also applauding the higher price, but for different reasons. According to the
RON T PAGE alifornians Vote to Triple Cigarette Tax acramento, CA-Californians voted to more than triple the state tax on cigarettes from $0.87 a ck to $2.87 a pack, beginning April 1, 2017. hti-smoking groups say the higher price will reduce smoking in the state. They foresee the oportion of smokers falling from the current 11.6 percent of the population to as low as 7.1 percent 2020. e state treasurer is also applauding the higher price, but for different reasons. According to the
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elastic And Its Application
Section: Chapter Questions
Problem 10PA
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