Question 16 (1 point) Market for Lattes $4.50 $4.00 $3.50 $3.00 $2.50 Price (per latte) $2.00 $1.50 $1.00 $0.50 $0.00 0 200 400 600 800 1000 1200 1400 1600 1800 Quantity of Lattes (cups) The market for Lattes is in a competitive equilibrium, as shown above. The government decides to impose a $0.75 excise tax on latte producers. After the tax is imposed what is the new price that consumers pay and the price that producers receive? OP consumers = $2.50, P producers = $1.00 P consumers = $2.75, P producers = $2.00 P consumers = $1.50, P producers = $2.25 )P consumers = $2.25, P producers = $1.50