Ly Lab 4 (Question 6) ~ Lyryx Learning Inc - Google Chrome laecon1.lyryx.com/student-servlets/LabServlet?ccid=3692 Lab 4 (Question 6) Name: Hang Ma Date: 2020-06-07 Question 6 [11 points] The supply of gazebos is given by P = 4 + 0.4Q; demand is given by Q = 10. A specific tax of $4 per unit is subsequently imposed and that shifts the supply curve to P = 8 + 0.4Q. a) Solve for the equilibrium price and quantity before and after the tax. Equilibrium price before tax = $ 0 Equilibrium quantity before tax = 0 Equilibrium price after tax = $ 0 Equilibrium quantity after tax = 0 b) Draw the demand curve and two supply curves. Demand 24 21 18 Price N 16+ 8 + 12 + 15 + 18 21+ 24+ +27 #+ Reset Quantity c) Who bears the burden of the tax? (Select one) 9 6 ~ $51 / ENG 11:13 PM 2020-06-07