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Suppose that the pre-tax price of cigarettes is $3.00 per pack and the post-tax price of cigarettes is $4.00 per pack. The tax is $1.50 per pack and is paid by the retailers of cigarettes to the government. Six hundred packs were sold prior to the tax increase and 500 packs were sold after the tax. What is the consumer tax burden?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91365933

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