The Economics ofthe Environment and Natural Resources Production of Commodity X creates 10 pounds of emissions for every unit of X produced. The demand and supply curves for X are described by the following table: Price (Dollars) Quantity Demanded Quantity Supplied 10 80 100 9 85 95 8 90 90 7 95 85 6 100 80 5 105 75 The equilibrium price is $ , and the equilibrium quantity is . The amount of pollution that will be emitted is pounds. Suppose now that the price of X to consumers is $7, and the government imposes a tax of $1 per unit. Suppliers collect $ per unit of X and produce units of output. The amount of pollution that will be emitted is The Economics ofthe Environment and Natural Resources 9 85 95 8 90 90 7 95 85 6 100 80 5 105 75 The equilibrium price is $ , and the equilibrium quantity is :1 . The amount of pollution that will be emitted is pounds. Suppose now that the price of X to consumers is $7, and the government imposes a tax of $1 per unit. Suppliers collect per unit of X and produce :] units of output. The amount of pollution that will be emitted is pounds. Because of the $1 tax on the polluting output, emissions fall by pounds (from what they would be at the $7 price and no tax). Continue without saving