User:Luka Kotur/sandbox

Danish Price Floors On Cigarettes Proposed Effect on Supply and Demand

First suggested by Karl Hjortanes, sees Danish Legislation that was intended to not so severely hit poorer Danish smokers but tackle the core issue of smokers without putting greater economic pressure on the poorer Danish population. This legislation however was not fully considered due to the implications of less tax revenue from the taxation of the demerit good. Even though the placement of price floors on demerit goods have been seen such as with the Scottish Alcohol Industry, it is still far more common for a taxation to be placed in stead.