Business, 06.08.2021 23:50, anahitrejo1

Suppose consumers buy 30 million packs of cigarettes per month at a price of $4 per pack. If a $1 tax is added to that price, a) By what percentage does price change?
b) By what percentage will cigarette sales decline in the short run?
c) According to Gary Becker, by how much will sales decline in the long run?

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Suppose consumers buy 30 million packs of cigarettes per month at a price of $4 per pack. If a $1 ta...