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521amosImposing a surplus tax on a product to increase demand is something that will hinder demand in the short run but in the long run it could possibly help those that cannot afford the product at the current market price. The tax will cause those that have been purchasing the product regularly to reconsider if the product is not a necessity for them. This will determine the elasticity or inelasticity of the product (McConnell,Brue,Flynn pg 83).
How would price elasticity impact demand in this scenario?
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