The graph on the right represents the market for cigarettes after the government has imposed a tax on cigarettes.
According to the​ graph, how much is the government tax on​ cigarettes?
​$
1
1 per pack ​(Enter a numeric response using a real number rounded to two decimal​ places.)
What price do producers receive after paying the​ tax?
​$
nothing per pack ​(Enter a numeric response using a real number rounded to two decimal​ places.)
How much tax revenue does the government​ collect?
​$
nothing billion per year ​(Enter a numeric response using a real number rounded to two decimal​ places.)
Calculate the tax incidence borne by consumers and producers.
nothing​% of the tax incidence is borne by consumers and
nothing​% of the tax incidence is borne by producers. ​(Enter numeric responses using a real numbers rounded to two decimal​ places.)
Who bears the greatest proportion of the tax​ incidence, consumers or​ producers?
▼
Consumers
Producers