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$10 $9 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Quantity The following

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$10 $9 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Quantity The following graph shows the demand and supply of tickets for the local college baseball team. In the absence of taxes, the equilibrium price of a ticket is $5 and the equilibrium quantity is 5,000 units. Suppose that regulator levies an excise tax on sellers. The amount of tax equals $2 per ticket. How many tickets will be supplied after the introduction of the excise tax? 4,000 2,000 3,000 1 000 MacBook Air

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