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Home Q & A Board Other Fields Homework Help Business Economics
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ellehaine24 ellehaine24
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5 years ago
Using a supply and demand graph, illustrate the effect of an increase in the federal cigarette tax of $1.00 per pack, where the entire tax burden falls on the consumer. Assume the equilibrium price before the tax is $5.00 per pack and the equilibrium quantity is 30 million packs.

After the implementation of the tax, what are the equilibrium price and equilibrium quantity?
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InMacro

InMacro


Edition: 1st
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Hammed1991Hammed1991
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ellehaine24 Author
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5 years ago
Thank you, thank you, thank you!
my life
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Yesterday
this is exactly what I needed
homework1
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2 hours ago
Thanks for your help!!
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