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VEI'. Scenario 2 The supply and demand for dog clothing is given by Go: 500 10F and C25 = 5P 25 5. What is the

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VEI'. Scenario 2 The supply and demand for dog clothing is given by Go: 500 10F and C25 = 5P 25 5. What is the equilibrium price and quantity? (1*: p*= 6. Suppose a tax of$12 per unit is imposed on sellers in the market. The equilibrium price and quantity are now Q': p': 7. (2 points) The tax burdens (per unit bought or sold) are Burden on Buyers = Burden on Sellers =

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