The graphs below show the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag and an equilibrium quantity of 3.33 million bags. Suppose that, in an attempt to lower blood pressure and reduce healthcare costs, the government imposes a $1.00 excise (or commodity ) tax on potato chips. Please scroll down to answer all 6 questions. 1. Suppose the government levies this tax on 2. Suppose the government levies this tax on manufacturers for each bag of potato chips they consumers for each bag of potato chips they produce. Please shift the curve(s) to illustrate this. purchase. Please shift the curve(s) to illustrate this. 5 5 4.5 4.5 4 Supply 4 Supply 3.5 3.5 3 2.5 Price Price 2.5% 2 2 1.5 1.5 0.5 Demand 0.5 Demand 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 Quantity Quantity 3. What is the price paid per bag by consumers 4. What is the price paid per bag by consumers after this production tax (in Question 1)? after this consumption tax (in Question 2)? Number Number $ $ 5. What is the price received per bag by 6. What is the price received per bag by producers after this production tax (in Question producers after this consumption tax (in 1)? Question 2)? Number Number $ $ Question 2 of 10 sapling learning