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c! After the excise tax is imposed, what is the new equilibrium quantity of sofas? The table below presents the annual market for sofas in

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c! After the excise tax is imposed, what is the new equilibrium quantity of sofas? The table below presents the annual market for sofas in Akron Ohio Suppose the state government imposes a $150 excise tax on every sofa sold to be paid by customers at the point of sale Market for Sofas Price Quantity of Sofas Quntity of Sofas Quantity of Sofas Demanded! with (dollars) Demanded Supplied Excise Tax \" 1,129 1, 069 Instructions: Enter your answers as a whole number. ' V 3 s a. Before the excise tax is imposed, what are the equilibrium price and quantity of sofas in Akron? ' l I " : P=$E ; Q='|:]sofas 7 b. Including the excise tax, what is the new equilibrium price consumers pay for sofas after the\" tax is imposed? 7 {1:3 ' . 7 " E m'as' d. What is the total amount of revenue collected by the government from the excise tax on sofas

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