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Author Question: Using a supply and demand graph, illustrate the effect of an increase in the federal cigarette tax ... (Read 94 times)

audie

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on: Mar 15, 2019

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?

Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by audie on Mar 15, 2019

miss.ashley

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audie

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Reply #2 on: Mar 15, 2019
TY


miss.ashley

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Reply #3 on: Mar 15, 2019
You're welcome


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