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As shown in Exhibit 11, assume the government places a $1 per pack sales tax on cigarettes. The percentage of the burden of taxation paid
As shown in Exhibit 11, assume the government places a $1 per pack sales tax on cigarettes. The percentage of the burden of taxation paid by tobacco sellers is: a. zero. b. 50 percent. c. 75 percent. d. 100 percent.
As shown in Exhibit 11, the $1 per pack sales tax on cigarettes raises tax revenue per day totaling: a. $5 million. b. $6 million. c. $10 million. d. $15 million.
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