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Following equations represent supply and demand for cigarettes Supply: P = Q Demand: P = 12 - Q if a $2 per pack tax is
Following equations represent supply and demand for cigarettes
Supply: P = Q
Demand: P = 12 - Q
if a $2 per pack tax is imposed on the suppliers of cigarettes, After the tax, the equilibrium quantity of cigarettes is ------- and the equilibrium price of cigarettes is -------.
A)5,5
B) 5,7
C) 6,6
D) 7,5
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