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Similarly, when a tax is introduced in a market with an inelastic supply, such as, for example, beachfront hotels, and sellers have no alternative than to accept lower prices for their business, taxes do not greatly affect the equilibrium quantity

I wonder, though: is there any embarrassment at having an audience comprising what Randy Newman might call good old boys

"Don't wait for the doorknob conversation," he says as a caution to health providers to not neglect what could be the most important discussion they have with their patient

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