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Social Studies, 20.09.2019 04:30 trinity7265
Suppose the state of massachusetts passes a law that increases the tax on alcoholic beverages. as a result, residents in massachusetts start purchasing their alcohol in surrounding states. which of the following principles does this best illustrate?
~people respond to incentives
~rational people think at the margin
~trade can make everyone better off
~markets are usually a good way to organize economic activity
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