2:13 ' 56 - 3. The accompanying table shows five consumers' willingness to pay for one can of energy drink each as well as five producers' costs of selling one can of energy drink each. Each consumer buys at most one can of energy drink; each producer sells at most one can of energy drink. The government asks your advice about the effects of an excise tax of $0.40 per can of energy drink. Assume that there are no administrative costs from the tax. Consumer willingness to pay | Producer cost Bernice 0.60 0.20 Chizuko 0.50 0.30 Dagmar 0.40 0.40 Ella 0.50 a. Without the excise tax, what is the equilibrium price and the amilihrinnm anantitv of anarow & ( 550/852 ) AA @ bookshelfvitalsource.com @ M M C 2:14 ! 56 ED Open App @ a. Without the excise tax, what is the equilibrium price and the equilibrium quantity of energy drink? b. The excise tax raises the price paid by consumers post-tax to $0.60 and lowers the price received by producers post-tax to $0.20. With the excise tax, what is the quantity of energy drink sold? c. Without the excise tax, how much consumer surplus does each consumer gain? How much consumer surplus does each consumer gain with the tax? How much total consumer surplus is lost as a result of the tax? d. Without the excise tax, how much producer surplus does each producer gain? How much producer surplus does each producer gain with the tax? How much total producer surplus is lost as a result of the tax? e & 550/852 ) AA @& bookshelf.vitalsource.com