Questions:

a)What is the market equilibrium price and quantity of sales before the tax ($1 tax)?

b)What is the Sales Revenue for the firms before the tax imposition?

c)What is the market equilibrium price and quantity of sales after the tax ($1 tax)?

d)How much tax income does the government receive from the firms?

Topic: Taxes and Sales Price ($) S (after tax) Demand 8 s ( before tax) 7 6 UT W N 27 30 Sales Quantity