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pattytcakes pattytcakes
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A year ago
Effect of Taxation

The graph shows the market for cigarettes.
 

Assume that P1=$9.00, P2=$9.45, P3=$9.75, Q1=240, and Q2=260. Because smoking creates a negative externality, the government has decided to tax the purchase of cigarettes by $0.75. With this tax, ________ cigarettes are sold at a price of ________. The government earns ________ in tax revenue. Consumers pay ________ percent of the tax. Please round your answer to two decimal places.

▸ 240, $9.75, $2340.00, -39.00

▸ 260, $0.05, $2457.00, -39.00

▸ 260, $0.05, $195.00, 40.00

▸ 240, $9.75, $180.00, 40.00
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Macroeconomics

Macroeconomics


Edition: 3rd
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kraftykrafty
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