Now suppose the supply schedule is instead as follows:

(A)What are the equilibrium price and equilibrium quantity in the absence of a tax?
(B)What are the equilibrium price and equilibrium quantity in the presence of a $1.25 per carton excise tax?
(C)Explain why your answer to part b differs from your answer to part b of the previous question, and relate this difference to the discussion of the incidence of an excise tax in this chapter.

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Price ger Carton Quantity Supplied $3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 105 195 240 285 330 375 420