Figure The Market for Green Tea The figure shows the market for green tea In the green tea market the pretax equilibrium price is 3 and the pretax equilibrium quantity is 20 cups A tax charged on suppliers is levied on each cup of green tea shifting the supply curve upward What is the tax rate Price per tea 4 00 3 00 2 25 1 75 O SI 2 50 O 1 75 0 50 15 20 New supply Old supply Demand Cups of tea per month