5 Connect X *[Solved] ) The gov x y! How much tax rev x Q The ghinho: Micro x y! how to calculate to X How to Calculate 1 x Google Dich C x y! How much tax reve X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.sanjac.edu%252Fwe... Apps D Harris County Reg. D TX Vehicle Registr... | Mail - Ngo, Hang.. H Google Dich D Difference Between. Google Dich Trade and Taxes D.. Other Bookmarks Step 2 - Mkt equilibrium and policy assignment i Saved Help Save & Exit Submit 10 Check my work Assume the government taxes packs of cigarettes both to discourage cigarette smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $1.50 per pack. The table below presents the annual demand and supply schedules, in billions of packs, both before and after the tax on packs of cigarettes. 6.67 Market for Cigarettes points Quantity of Cigarettes Quantity of Cigarettes Quantity of Skipped Demanded Supplied Cigarettes Supplied with Price (dollars (billions of (billions of Tax (billions per pack packs packs) of packs) eBook $10 . 00 10 9. 75 75 60 12.5 References 9.50 72 .5 57.5 15 70 9. 25 55 17. 67.5 9.00 52.5 20 8 . 75 65 50 22.5 8. 50 62.5 17.5 25 8.25 60 45 27.5 57.5 8. 00 12. 5 30 55 7 . 75 40 32. 52.5 7.50 37.5 35 7.25 50 35 37.5 7.00 47.5 45 32 .5 40 6. 75 42.5 12 . 5 30 6.50 45 27.5 40 25 6.25 17.5 37.5 6. 00 50 22.5 5.75 35 52.5 5.50 32.5 20 55 30 5 . 25 57. 27 .5 5.00 60 4. 75 25 62.5 .50 22 .5 65 20 Instructions: Round your answers for quantity to 1 decimal place and your answers for price to 2 decimal places. Mc Graw 5 Connect X *[Solved] ) The gov x y! How much tax rev x Q The ghinho: Micro x y! how to calculate to X How to Calculate 1 x Google Dich x y! How much tax reve X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.sanjac.edu%252Fwe... H : Apps D Harris County Reg.. D) TX Vehicle Registr... |Mail - Ngo, Hang. Google Dich D Difference Between.. Google Dich Trade and Taxes D. Other Bookmarks Step 2 - Mkt equilibrium and policy assignment i Saved Help Save & Exit Submit Check my work 10 4. 75 62.5 22.5 4. 50 65 20 Instructions: Round your answers for quantity to 1 decimal place and your answers for price to 2 decimal places. 6.67 points a. If there is no excise tax on cigarettes, what are the equilibrium quantity and price per pack of cigarettes? Skipped Q=[ billion packs P= $ per pack eBook b. If there is a $1.50 excise tax per pack on cigarettes, what are the equilibrium quantity and price per pack of cigarettes? References Q=[ billion packs P = $ per pack c. How much tax revenue does the $1.50 per pack excise tax on cigarettes generate each year? Instructions: Round your answer to 1 decimal place. $ billion d. By how many packs of cigarettes does the quantity demanded decrease per year due to the excise tax on cigarettes? billion packs e. By how much did the price paid by consumers change due to the tax on cigarettes? $per pack Mc Graw Hill