=+calculation of consumer surplus before and after the tax in your answer. 7. Consider the original market

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=+calculation of consumer surplus before and after the tax in your answer. 7. Consider the original market for pizza in Collegetown, illustrated in the accompanying table. Collegetown officials decide to impose an excise tax on pizza of $4 per pizza.

‘Quantity of pizz | Quantity of pizz Price of pizza | ademanded a supplied

$10 ° 6 9 1 5 8 2 4 7 3 3 6 4 2 5 5 1 4 6 i)

3 7 0 2 8 oO 1 9 0

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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