Maximum Actual Price Minimum Actual Price Person Price Willing (Equilibrium Person Acceptable (Equilibrium To Pay Price Price Price) Bob $13 $8 Carlos $3 $8 Barb 12 8 Courtney 4 8 Bill 11 8 Chuck 5 8 Bart 10 8 Cindy 6 8 Brent 9 8 Craig 7 8 Betty 8 8 Chad 8 8 Instructions: Enter your answers as a whole number. a. What is the equilibrium quantity for the data displayed in the two tables? 6 bag(s) b. Assume that we are back to talking about bags of oranges (a private good), but the government has decided that tossed orange peels impose a negative externality on the public that must be rectified by imposing a $2-per-bag tax on sellers. What is the new equilibrium price? $ What is the new equilibrium quantity? bag(s) If the new equilibrium quantity is the optimal quantity, by how many bags were oranges being overproduced before? bag(s)