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Author Question: Suppose an excise tax of $0.75 is imposed on every pack of cigarettes sold and sellers are ... (Read 81 times)

drink

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Suppose an excise tax of $0.75 is imposed on every pack of cigarettes sold and sellers are responsible for paying this tax. How would the imposition of the tax be illustrated in a graph?


◦ The supply curve for cigarettes would shift to the left by $0.75.
◦ The supply curve for cigarettes would shift to the left by less than $0.75.
◦ The supply curve for cigarettes would shift to the left by more than $0.75.
◦ The supply curve for cigarettes would shift to the right by $0.75.


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Marked as best answer by drink on Mar 15, 2019

cloud

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cloud

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