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Author Question: Refer to Figure 4-12. The figure above represents demand and supply in the market for ... (Read 70 times)

piesebel

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on: Mar 15, 2019

Figure 4-12










Refer to Figure 4-12.  The figure above represents demand and supply in the market for cigarettes. Use the diagram to answer the following questions.

a. How much is the government tax on each pack of cigarettes? 

b. What portion of the unit tax is paid by consumers? 

c. What portion of the unit tax is paid by producers?  

d. What is the quantity sold after the imposition of the tax?

e. What is the after-tax revenue per pack received by producers? 

f. What is the total tax revenue collected by the government?

g. What is the value of the excess burden of the tax?

h. Is this cigarette tax efficient?

« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by piesebel on Mar 15, 2019

C.mcnichol98

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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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piesebel

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Reply 2 on: Mar 15, 2019
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Excellent

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