Google Translate X @ Analyzing an Excise Tax on Pro X #Bf+ - Anna Gong - Outlook * *Course Hero X + C gastate.view.usg.edu/d21/le/content/2353624/viewContent/46400914/View R * Z Update : Apps & B Cambridge Free E... & MANEUVER.. \\ DO/L . BEk.. Data information monitors f Ads Manager [ save - Riverwood Fashion.. Reading List The government imposes a $124 excise tax on the producers which causes the supply curve to shift up by $124 at each quantity, as shown on the graph. $500 $2 $480 $460 $440 $420 $400 $380 $1 $360 $340 $320 $300 $280 $260 $240 $220 $200 $180 $160 $140 $120 $100 $80 10 15 20 25 30 35 40 45 50 55 Quantity Before the tax, what is the Equilibrium Price? $ Before the tax, how much do consumers pay for each unit of the good? $ Before the tax, how much do producers keep for each unit of the good? $ Before the tax, what is the Equilibrium Quantity? After the tax, what is the Equilibrium Quantity? Relative to the Original Equilibrium Quantity, the New Equilibrium Quantity (select from this menu) vB: Gongle Translate x Analyzing an Excise Tax on PM x 3 EH- - Anna Gong - Outlook x i u Course Hero x i + o 6 ) C i gastate.view.usg.edujd2|,Ilejcontent53624fviewContent146400914Niew it 9 B *- '55 Apps ER 3 Cambridge Free E.._ @ WI'tm__. - lilL - ku Data information monitors Ii Ads Manager save Rivenrvood Fashio... Reading List After the tax, what is the Equilibrium Price? D p Relative to the Original Equilibrium Price, the New Equilibrium Price {select from this menu) v After the tax, how much do consumers pay for each unit 01 the good? By how much did the amount consumers pay increase after the tax? After the tax, how much do producers keep for each unit of the good? By how much did the amount producers keep decrease after the tax'? D Based on the graph, at each quantity, demand I a [select from this menu] is more price elastic than supply. Buyers bear the [select from this menu] v is less price 3351'\"; than supply. he sellers. has the same price elasticity as supply. Directions: Provide an answer for each question above and then check your answers. Check Answers Activity Details