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Login Page I ReExamPass ng.cengage.com Course Hero 4 Member Dashboard CENGAGE I MINDTAP Homework (Ch 08) 4. The Laffer curve indTap - Cengage Learning Q Course Hero Search this course Government-imposed taxes cause reductions in the activity that is being taxed, which has important implications for revenue collections. To understand the effect of such a tax, consider the monthly market for cigarettes, which is shown on the following graph. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. A-Z Note: 0 Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 20 18 16 14 12 10 8 6 4 2 o 8.00 18 36 Suppl D mand 54 72 90 108 126 144 162 180 QUANTITY (Packs) Graph Input Tool Market for Cigarettes Quantity (Packs) Demand Price (Dollars per pack) Tax (Dollars per pack) 72 12.00 4.00 Supply Price (Dollars per pack) Suppose the government imposes a $4-per-pack tax on suppliers.