Show the changes using a standard demand-supply diagram

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Show the changes using a standard demand/supply diagram.

i. The Food and Drug Administration classifies tobacco as an "addictive" substance

ii. Congress votes to raise the excise tax on all tobacco products

iii. Hurricane Rita dumps 15 inches of rain on North Carolina and destroys 80 percent of that state's tobacco crop

Medical evidence that more than two cups of coffee a day (considered by many to be a substitute for smoking) greatly increases the risk of stomach cancer

Reference no: EM132461501

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