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I hope I can learn something from this question QU.14' Use the tollowmg diagram 01' the market for Cigarettes to answer the tollowmg questions. rm

I hope I can learn something from this question

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QU.14' Use the tollowmg diagram 01' the market for Cigarettes to answer the tollowmg questions. rm (mm 0 1| 2|: magma \"WM a. According to the diagram, how much is the government tax on cigarettes? b. What price do producers receive after paying the tax? c. How much tax revenue does the government collect? (:1. Calculate the tax incidence borne by consumers and producers. Who bears the greatest proportion of the tax incidence: consumers or producers? e. How much does the consumer surplus decline? f. How much does the producer surplus decline

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