Problem
The income elasticity for alcoholic beverages is 0.62. Consider two people with incomes of $20,000 and $40,000. If all alcohol is taxed at the same rate, by what percentage more will the tax paid by the $40,000 earner be greater than that paid by the $20,000 earner? Why might some people think this unfair?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.