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Before Tax After Tax Equilibrium Quantity (Millions of units) Equilibrium Price per Unit Paid by Consumers Price per Unit Received by Sellers Given the information

Before Tax After Tax
Equilibrium Quantity (Millions of units)
Equilibrium Price per Unit Paid by Consumers
Price per Unit Received by Sellers

Given the information you calculated in the preceding table, the tax incidence on consumers is ____ per unit of the good, and the tax incidence on producers is ______ per unit of the good.

The government receives ____ in tax revenue from levying an excise tax of $2.00 per unit on this good.

True or False: The equilibrium quantity would have been different if the tax had been levied on buyers instead.

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