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Use the figure to arswer the problem, (Assume price is messured in dollars.) (a) What is the amount of the tax? (b) What are the

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Use the figure to arswer the problem, (Assume price is messured in dollars.) (a) What is the amount of the tax? (b) What are the original equisterium price and quantity? cquisbrium price equabrium euantity units (c) What are the new equalibrium price and quantiay? equitiorium grice equibrium euantity unts (d) Does the supplier suffer trom the tax even thouph it is passed on? Yes, the supplier suffers because the increased price reduces the demand: Yes, the supplier suffers because the increased price increases the cemand. No, the supplier dots not sulfer because the increased price reduces the demand. No, the supplier does not sulfer because the increased price has no effect on the demand No, the supplier does not suffer because the increased price increases the demand

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