(d) Suppose a tax of $0.25 per unit is levied on this good and that producers are...
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(d) Suppose a tax of $0.25 per unit is levied on this good and that producers are required to collect the tax. Calculate the new equilibrium price and quantity in the market. (Hint: Before the tax was imposed, producers were willing to supply 100 units when P = $2.
After the tax is imposed, they will require a price of $2.25 to supply 100 units.)
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