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A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax

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A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax.;The economic advisors to the country estimate the supply and demand curves for cigarettes as;QD = 140,000- 25,000P;QS = 20,000 + 75,000P;where and The country has hired you to;provide the following information regarding the cigarette market and the proposed tax.

 

Paper#15024 | Written in 18-Jul-2015

Price : $22
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