Many governments levy taxes on the sale of alcohol and tobacco. Explain the difference between the buyer's price and seller's price.

Name: Many governments levy taxes on the sale of alcohol and tobacco. Explain the difference between the buyer's price and seller's price.
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Question

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The difference between the buyer's price and the seller's price is the tax amount. The buyer pays the seller's price plus the tax, making the buyer's price higher than the seller's price by the amount of the tax.

Many Governments Levy Taxes on the Sale of Alcohol and Tobacco