b. On January 1, 2007, the total excise tax increased to $5.90 per ticket and the average

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b. On January 1, 2007, the total excise tax increased to

$5.90 per ticket and the average price of a ticket increased to $389.17. What is the quantity of tickets demanded now? What is the 2007 government tax revenue at this quantity demanded?

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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