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Question 3 5 pts If Congress decides to reduce the tax per pack paid by sellers of cigarettes, other things being equal, the equilibrium price
Question 3 5 pts If Congress decides to reduce the tax per pack paid by sellers of cigarettes, other things being equal, the equilibrium price of cigarettes will fall This fall in the equilibrium price can be attributed to a(n): leftward shift of the supply curve for cigarettes. rightward shift of the supply curve for cigarettes. O upward movement along the supply curve for cigarettes. O upward movement along the demand curve for cigarettes. Question 10 5 pts Which of the following would be a private cost to a cigarette manufacturer? O Cost to the goverment of the hospital expenses of indigent smokers. The loss in utility received because the smoker must stand outside her office building in the winter to smoke. Price of a pack of cigarettes. Increased risk of cancer to the nonsmoking passengers in the smoker's carpool. O Price of leaf tobacco
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