The graphs show the market for bags of potato chips, which is currently at an equilibrium price of
$
1.33
per bag and an equilibrium quantity of
5.33
million bags
. Suppose that, in an attempt to lower blood pressure and reduce healthcare costs, the government imposes a
$
1.00
excise (or commodity) tax on potato chips
+2
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Home » Business » The graphs show the market for bags of potato chips, which is currently at an equilibrium price of $ 1.33 per bag and an equilibrium quantity of 5.33 million bags .