Person Person Consumers Maximum Price Willing To Pay $18 16 14 12 Producers Minimum Acceptable Price $2 Bob Bart Actual Price (Equilibrium Price) $10 10 10 10 10 10 4 Actual Prico (Equilibrium Price) $10 10 10 10 Bill Carlos Courtney Chuck Cindy Craig Chad 6 Bart 8 10 10 10 Brent Betty 8 12 10 Instructions: Enter your answers as a whole number a. What is the equilibrium quantity for the data displayed in the two tables? 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 tax of $4 per bag 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)