Part 1 - Check for Understanding- Use the graph below which shows a competitive market that is subject to a per unit excise tax to answer the following questions. 1. What is the equilibrium price and ' quantity before the tax is imposed? P1103 $15 2. What is the equilibrium price and quantity after the tax is imposed? 3. What is the dollar amount of the tax per unit? 4. What is the net price producers receive after the tax is collected? 5. Explain why the equilibrium price paid consumers after the tax did not increase by the full amount of the tax per unit. . . 10 20 30 40 50 Quantity Part 2 - Calculate lt- Use the graph above to calculate the following before and after the tax is imposed. Part 3 - Making Connections- Answer the following question using the graph above. 13. Who contributed more to the total tax revenue: consumers or producers? Explain how you determined \\Inl If g neuinr