jessicajose7578 jessicajose7578
  • 16-02-2024
  • Business
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Given an upward-sloping supply curve and a vertical demand curve, what will a $1 per unit tax on packs of cigarettes do?
A. Raise the price of cigarettes by $1.
B. Raise the price of cigarettes by less than $1.
C. Have no effect on the price of cigarettes.
D. Lower the price of cigarettes.

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