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2a. Consider the following supply and demand schedule of chocolate. Price ($) Quantity demanded (units) Quantity supplied (units) 50 23 21 60 22 22 70
2a. Consider the following supply and demand schedule of chocolate. Price ($) Quantity demanded (units) Quantity supplied (units) 50 23 21 60 22 22 70 21 23 80 20 24 90 19 25 Suppose initially the chocolate market is in equilibrium. If the government imposes a tax of $20 for each unit of the chocolate sold, the new equilibrium price paid by the consumers will be $[Answer]. (In integers, please.)
b. Given the above information, the government's tax revenue will be $[Answer]. (In decimal numbers, with two decimal places, please.)
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