Use Figure: The Market for Green Tea. In the green tea market, the pretax equilibrium price...

 

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Use Figure: The Market for Green Tea. In the green tea market, the pretax equilibrium price is $3, and the pretax equilibrium quantity is 20 cups. An excise tax, charged on suppliers, is levied on each cup of green tea, shifting the supply curve upward. The total tax revenue collected by the government is: Price (per tea) $4.00 3.00 2.25 1.75 $30,000. $1.50. $15,000. $26,250. 15 20 $₂ S₁ Cups of tea (per month) 1 € Use Table: Market for Fried Cheesecake. The government decides to tax fried cheesecake at a rate of $0.30 per cheesecake and collect the tax from consumers. After the tax is paid, producers will receive cheesecakes after the tax. per cheesecake, and they will sell Table: The Market for Fried Cheesecake Price ($/unit) 3.10 .3.20 3.30 3.40 3.50 $3.30; 7,000 $3.20; 5,000 $3.10; 3,000 $3.50: 5.000 Quantity Demanded (units) Quantity Supplied (units) 9,000 3,000 8,000 5,000 7,000 7,000 6,000 9,000 5,000 11,000 Use Figure: The Market for Green Tea. In the green tea market, the pretax equilibrium price is $3, and the pretax equilibrium quantity is 20 cups. An excise tax, charged on suppliers, is levied on each cup of green tea, shifting the supply curve upward. The total tax revenue collected by the government is: Price (per tea) $4.00 3.00 2.25 1.75 $30,000. $1.50. $15,000. $26,250. 15 20 $₂ S₁ Cups of tea (per month) 1 € Use Table: Market for Fried Cheesecake. The government decides to tax fried cheesecake at a rate of $0.30 per cheesecake and collect the tax from consumers. After the tax is paid, producers will receive cheesecakes after the tax. per cheesecake, and they will sell Table: The Market for Fried Cheesecake Price ($/unit) 3.10 .3.20 3.30 3.40 3.50 $3.30; 7,000 $3.20; 5,000 $3.10; 3,000 $3.50: 5.000 Quantity Demanded (units) Quantity Supplied (units) 9,000 3,000 8,000 5,000 7,000 7,000 6,000 9,000 5,000 11,000