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Suppose the pre-tax price of cigarettes is $3.5 per pack and the post-tax price is $5 per pack. The tax is $2.0 per pack and
Suppose the pre-tax price of cigarettes is $3.5 per pack and the post-tax price is $5 per pack. The tax is $2.0 per pack and is paid by the retailers of cigarettes to the government. Prior to the tax, 800 packs were sold; after the tax 700 packs were sold. What is the consumer tax burden?
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