Question: Hello, this is eco course, Pls help me out Question 1: Suppose the market for cigarettes can be represented by the following demand and supply

Hello, this is eco course, Pls help me out

Hello, this is eco course, Pls help me out Question 1: Suppose

Question 1: Suppose the market for cigarettes can be represented by the following demand and supply equations: a) Find the free market equilibrium: price. quantity, CS, PS, and TS. graph the market below. b) Suppose the government comes in and adds a tax on each box of cigarettes sold and makes W pay for this tax (when they buy the good). The new demand curve with tax is Calculate i. the new equilibrium price and quantity with the tax; ii. how much the tax is per box of cigarettes; iii. the new CS, PS, Tax Revenue, and TS; in the DWL the tax creates (if any}

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