[See Steps] The federal government recently decided to raise the excise tax on hard liquor. Graphically illustrate the effects of this tax on the market
Question: The federal government recently decided to raise the excise tax on hard liquor.
- Graphically illustrate the effects of this tax on the market for hard liquor
- Would a $1 increase in the excise tax on liquor increase the equilibrium price of liquor by $1? Explain
- How would the excise tax on hard liquor affect a beer distributor?
Deliverable: Word Document 
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