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The data in the table below are for kilos of prawns. Quantity Quantity Supplied Quantity Supplied Price Demanded (before tax) (after tax) $20 250 190
The data in the table below are for kilos of prawns. Quantity Quantity Supplied Quantity Supplied Price Demanded (before tax) (after tax) $20 250 190 22 230 200 24 210 210 26 190 220 28 170 230 30 150 240 32 130 250a] 1What is the present equilibrium price and quantity? Equilibrium price: $ |:| Equilibrium quantity: |:| Suppose that the government introduces a $6 excise tax on prawns. b} Complete the Quantity Supplied {after tax} that results. c] What will be the new equilibrium price and quantity? New equilibrium price: $ |:| New equilibrium quantity
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