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A governmentwantsto cutthe incidenceof smokingin the country.It imposesa taxof 5on a packetof twentycigarettes.Describethe changein bothproducerand consumersurplusas a resultof this tax.Usea diagramto illustrateyouranswer

A governmentwantsto cutthe incidenceof smokingin the country.It imposesa taxof 5on a packetof twentycigarettes.Describethe changein bothproducerand consumersurplusas a resultof this tax.Usea diagramto illustrateyouranswer

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