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if the price elasticity of demand for cigarettes is 0.4 The figure above represents demand and supply in the market for cigarettes. Use the diagram to answer the following questions. A. What is the value of the excess burden of the tax?

Name: if the price elasticity of demand for cigarettes is 0.4 The figure above represents demand and supply in the market for cigarettes. Use the diagram to answer the following questions. A. What is the value of the excess burden of the tax?
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