As a result of an increase on sales tax the new equilibrium, Business Economics

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As a result of an increase on sales tax the new equilibrium

Suppose that the price elasticity of demanded for a packet of cigar is -0.8 and the price elasticity of supply is 2.5 at market equilibrium. As a result of an increase on sales tax, the new equilibrium price rises by 30%. What is the percentage change in quantity demanded of cigar?

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Business Economics: As a result of an increase on sales tax the new equilibrium

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Business Economics: As a result of an increase on sales tax the new equilibrium

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