3. Use the data contained in Table 3 to answer the following questions. Assume that price of the substitute good equals $70 and the tax equals $10 and does not change for questions a c. +Table 3. P PS Q4 tax Qs tax Qs $50 $70 240 $10 140 $60 0 $60 $70 200 $ 10 200 $60 0 $70 $70 160 $ 10 260 $60 0 $80 $70 120 $10 320 $60 20 $90 $70 80 $ 10 380 $60 80 $100 $70 40 $ 10 440 $60 140 $110 $70 0 $10 500 $60 200 Use the data from Table 3 to graph the relevant demand and supply curves in Figure 3. Find the equilibrium price and quantity for the case where the price of the substitute good equals $70 and the tax equals $10 per unit. Use the letter \"A\" to label the equilibrium. Figure 3 Demand and Supply 120 Price 100 80 60 40 20 O O 100 200 300 400 500 Quantity