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Question
What one step can be taken through market to reduce the consumption of a product harmful for health?
What one step can be taken through market to reduce the consumption of a product harmful for health?
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Solution
Introducing a heavy tax on such a product will substantially increase the price of the product which is expected to reduce its demand/consumption.
Introducing a heavy tax on such a product will substantially increase the price of the product which is expected to reduce its demand/consumption.
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