You are also considering imposing a tax per unit of $5 to be imposed on the consumption of soda beverages. What will be the new equilibrium quantity, price paid by the students (demand), and price received by the soda beverage supplier. What is the tax burden per unit on consumer and on the supplier, and what is the tax revenue collected by the government? Consider P=30-Q as demand and P=4Q as supply. (calculation only)

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To find the new equilibrium quantity we need to analyze the effects of the tax on the supply and dem... View the full answer