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Begin the question assuming the demand for pizza is P - 20 - 0.02 Qd while the original supply curve for pizza is P =

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Begin the question assuming the demand for pizza is P - 20 - 0.02 Qd while the original supply curve for pizza is P = 2 + 0.01 Qs. Then the government imposes an excise tax of $3.00 on each pizza, causing the supply curve to shift to the left, to P = 5 + 0.01 Qs1. Answer the Following Questions: 1. Currently, before the excise tax, Solve for the equilibrium price of pizza is Show Your Work. 2. Currently, before the excise tax, Solve for the equilibrium quantity of pizza is Show Your Work. 3. If the government imposes an excise tax of $3.00 per pizza, then solve for the new quantity of pizza's sold is . Show Your Work. 4. If the government imposes an excise tax of $3.00 per pizza, then solve the new price of pizza's sold is Show Your Work. 5. If the government imposes an excise tax of $3.00 per pizza, then the the amount of the tax wedge is 6. If the government imposes an excise tax of $3.00 per pizza, then the portion of the tax the consumer pays is and the portion of the tax the producer pays is Show Your Work to prove your answer. 7. If the government imposes an excise tax of $3.00 per pizza, then the amount of the Deadweight Loss is Show Your Work to prove your answer. 8. If the government imposes an excise tax of $3.00 per pizza, then the total tax revenue generated from the tax is _ Show Your Work to prove your

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