Assignment
Length: 2000 words.
Many governments around the world have implemented heavy taxes on cigarettes and other tobacco products in order to reduce the number of smokers. You are required to write an essay to critically evaluate the effectiveness of this policy. Make sure that you clearly address the following questions in your analysis:
1) Using the supply and demand model explain how a tax could reduce the sales of cigarettes.
2) Explain whether the demand for cigarettes is elastic or inelastic.
3) Compare the tax to alternative policies such as a price floor or education campaign.
4) Critically evaluate the effectiveness of the cigarette tax as a policy in reducing the number of smokers.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.