Question
Date: 2020-02-08 1:18 Question 5 [12 points] The data in the following table is for the latest Game by Charlie Goodsmith. a) Fill in the
Date: 2020-02-08 1:18 Question 5 [12 points] The data in the following table is for the latest Game by Charlie Goodsmith. a) Fill in the Quantity Supplied (after tax) column assuming that a $4 per unit excise tax is imposed on the supplier. Price to Quantity Quantity Quantity Consumers Demanded Supplied Supplied (after (before tax) tax) 60 60 20 9 50 70 30 10 40 80 40 11 30 90 50 12 20 100 60 13 10 110 70 b) What is the equilibrium price and quantity before the tax? Equilibrium Price = $ 8 Equilibrium Quantity = 60 c) What is the equilibrium price and quantity after the $4 tax is imposed? Equilibrium Price (after tax) = $10 Equilibrium Quantity (after tax) = 40 d) What portion of the $4 tax is paid by the seller and what portion is paid by the consumer? Seller = $2 Consumer = $
Please explain how to get the quantities supplied after tax!
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