In Sucrosia, the supply curve for sugar is as follows: pg53 Under pressure from nutrition activists, the
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In Sucrosia, the supply curve for sugar is as follows: pg53
Under pressure from nutrition activists, the government decides to tax sugar producers with a $5 tax per 100 pound bag. Using the figure above, draw the new supply curve. After the tax is enacted, what price will bring forth quantities of 10,000? 15,000? 20,000? Give your answers in the table below:
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