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Use the graph of the market for cigarettes to answer the following questions. 12.00 According to the graph, how much is the government tax 11.00-

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Use the graph of the market for cigarettes to answer the following questions. 12.00 According to the graph, how much is the government tax 11.00- on cigarettes? 10.00 9.00- $ 3.00 per pack. (Enter your response rounded to two 8.00- decimal places.) 7.00- What price do producers receive after paying the tax? 6.00- $ 4.5 per pack. (Enter your response rounded to two 5.00- decimal places.) 4.00- 3.00- How much tax revenue does the government collect? 2.00- billion dollars per year. (Enter your response rounded 1.00- to two decimal places.) 0.00- 8 12 16 20 24 28 32 36 40 4: Quantity (billions of packs per year)

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