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Consider a market with the following (discrete) demand and supply schedule: Price ($) Quantity Demanded Quantity Supplied Quantity supplied after tax 80 650 250 85

Consider a market with the following (discrete) demand and supply schedule:

Price ($) Quantity Demanded Quantity Supplied Quantity supplied after tax
80 650 250
85 600 330 [A]
90 550 400
95 500 500 [B]
100 450 620
105 400 730 [C]
110 350 850
115 300 950 [D]

Suppose there is a tax of $15 imposed on the sellers of this good. Fill in the values of quantity supplied after tax for the prices indicated.

The equilibrium price after tax is $[E].

The equilibrium quantity after tax is [F].

Tax burden to consumers is $[G].

Tax burdeN to producers is $[H]

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