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Question 5 [12 points] The date in the following table is for the best Move by Mark Blackfoot ) Fill in the Quantity Supplied (after

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Question 5 [12 points] The date in the following table is for the best Move by Mark Blackfoot ") Fill in the Quantity Supplied (after Max) column assuming that a Pi per unit excise tax is imposed on the supplies Price in Quanily Quanthy Consumers Demanded Supplied Supplied latter Ibofora taxi 120 120 185 135 T5 150 150 90 105 105 120 180 120 108 by Withal is the equilibrium price and quantity before the tax? Equilibrium Price = $ 10 Equilibrium Quanaly = 150 ") What is the equilibrium price and quantity after the $5 tax is imposed? Equilibrium Price [after tax) = $ 12 Equilibrium Quantity (after tax) = 120] dj Mihal portion of the $8 las is paid by the seller and what portion is paid by the consumer? Seller = $2 Consumer = $2 Markings Quantity Supplied (after tax) 60 The correct amount should be 30. however you have not entered this. This will cost you i mark. 35 The correct amount should by 5, however you have not entered this. This will cost you i mark PO. The correct amount should be 60, however you have not entered this. This will cost you i marks 106 The comet amount should be 75, however you have not onfored this. This will cost you I mark 120 The correct amount should be 90, however you have not entered this. This will cost you 1 mark 135 The correct amount should be 105, however you have not entered this. This will cost you f mark. You wil lose 6 marks for this part. The tax shite the supply curve (quantity supplied) upwards by the amount of the tax. This can be soon in the following graph whore the quantity supplied corvo after tax is thitod upwards by $6 09. 20 12

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