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answer asap 1. (a) In the small town of Burbia, the weekly deniand and supply curves for a pack of cigarettes are as follows, where

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1. (a) In the small town of Burbia, the weekly deniand and supply curves for a pack of cigarettes are as follows, where Qo and Qs are quantities in packs per week and P is the price per pack in dollars. 15 10- Price ($ per pack) 100 200 300 400 500 600 700 800 900 1000 zantity of cigarettes (packas per week) (a) Calculate Quand Qs at a price of $14 per pack. In order to discourage the consumption of cigarettes, the government imposes a specific indirect tax of $6 per pack. (b) Calculate the change in weekly consumer spending on cigarettes in Burbia as a result of the tax. (c) Calculate the total weekly revenue earned by the government from the specific tax. (d) Sketch a diagram and use it to explain how the new supply curve would have been different if the government had imposed an ad valorem tax on cigarettes. (e) Explain why the value of price elasticity of demand is important for a government which is attempting to use taxation to discourage the consumption of a product

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