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QUESTION 1 1 points Saved Figure 1 Price per pack $12 Supply 8 5 Tax 3 Demand 40 70 Quantity of cigarettes (1000s of packs)

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QUESTION 1 1 points Saved Figure 1 Price per pack $12 Supply 8 5 Tax 3 Demand 40 70 Quantity of cigarettes (1000s of packs) Figure 1 shows the market for cigarettes. The government plans to impose a per-unit tax of $5 in this market. Refer to Figure 1. As a result of the tax, which of the following is wrong? The consumers pay total tax of $120. The deadweight loss is equal to $150. The loss in consumer surplus is greater than the loss in producer surplus. The government receives total tax of $200

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