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The graph shows the market for tulips. Price (dollars per bunch) Draw a point at the equilibrium price and equilibrium quantity. Label it 1. 24- Suppose that tulips are taxed $6 a bunch and that the tax is on the sellers of tulips. 22- Draw a curve that shows the effect of the tax. Label it. 20- S Draw a point to indicate the price paid by buyers and the quantity bought. Label it 2. 18- 16- Buyers pay $ of the tax and sellers pay $ of the tax. 14- 14. 12- 10- D 20 40 60 80 100 120 140 Quantity (bunches per week) Edit Coordinates (80,14) >>> Draw only the objects specified in the question.The table shows Jennifer's marginal utility from tea and shortbread. Jennifer has $5.00 to spend each day on tea and shortbread. The price of tea is $1.00 a cup and the price of shortbread is $0.50 a piece. When Jennifer maximizes her total utility, she buys El pieces of shortbread each day and her marginal utility per dollar for shortbread is D units per dollar. Tea Shortbread Cups per Harginal Pieces per Marginal day utility day utility 0 0 1 100 2 84 2 76 4 56 3 66 6 33 4 53 8 34 5 50 1 0 30 Homer is a doughnut aficionado. Whether it be Krispy Kreme originals, Dunkin' Donuts sprinkled, Shirley's cream filled, or Gourdough's fried chicken doughnut, Homer loves 50 them all the same. Suppose Springfield, Homer's hometown, 45 decides to impose an excise (sales) tax on consumers of 4.0 $0.50 on each doughnut purchased. Demand 3.5 On the graph, please shift the appropriate curve to show the 30 new equilibrium point after the tax gets put into effect. Price per doughnut (S) 2.5 What is the revenue generated from this excise tax? Round 2.0 to the nearest whole number. Supply 1.5 1.0 excise tax revenue: $ 0.5 0.0 100 200 300 400 500 600 700 600 900 1,000 Quantity of doughnuts