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1a) Using the information on the results page attached below, draw the effect of the tax in the market from only Round 0 to Round

1a) Using the information on the results page attached below, draw the effect of the tax in the market from only Round 0 to Round 1 B) Label the following values on your graph:The initial equilibrium price and quantity,The quantity after the tax,The price consumers pay after the tax, andThe price producers receive after the tax.c) Highlight on your graph the area that represents the tax revenue that was created by this tax. Calculate the tax revenue, how much consumers pay and how much producers pay.

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Slurl Over Game Summary: Leuderbourd Round Tax Applied Supply Curve Demand Curve Equilibrium Price Paid to Price Paid by User's Guess Difference Penalty Quantity Supplier Consumer Initial $0.00 03 = -12 + 4P Qd = 356 - 4P 172.0 $46.0 $460 N/A N/A N/A 1 $1 9. 96 03 = 791 84 + 4P 0d = 356 . 4P 132 08 S36 02 $55.98 $64.96 $8.98 1796 $18 82 Q5: -16712 + 4P 0d: 356- 4P 94 44 $27 75 $65.39 $74.82 $9.43 18.86 mum

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