1. Explain why excise taxes cause deadweight losses in markets. 2. Explain briefly why theory suggests that, in general1 government shouldn't place taxes in markets that have pre- existing distortions. Be specific. Give an example where taxes can improve the distortion. 3. Suppose we have the following linear supply and demand curves: Q = 30+5p Qd = 48- p Government wants to place a $6 excise tax on consumer purchases of cigarettes. Calculate the equilibrium prices, economic burden, and deadweight loss caused by the tax