Illusrtae what is the equilibrium quantity of cigarette

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Reference no: EM1350570

The following Tax Calculator illustrates a market for cigarettes. The blue curve represents the demand for cigarettes and the orange curve represents the supply of cigarettes.

Use the calculator to answer the question below.

With a new government tax of $20 per carton, what is the equilibrium quantity of cigarette cartons?

Reference no: EM1350570

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