Answer:
$3.25
Explanation:
The new price for cigarettes will be the intersection point between the demand curves and the new supply curve. 
Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.
 
        
             
        
        
        
 The behavior of Albert is consistent with the law of demand. 
The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.
Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.
 
        
             
        
        
        
An outstanding balance on your account