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Hoyt

(54,770 posts)
3. If the price to consumer declines, consumption will increase, offsetting
Fri Nov 16, 2018, 06:55 PM
Nov 2018

some of any decline in tax per gram. That will increase demand, increasing prices in shortrun. And, if suppliers cut back, or go bankrupt, price and resultant tax receipts will increase. Then, according to the Cobweb Theory of agricultural products, the cycle begins again. At least that what I remember after decades of smoking weed.

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