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quil. and Policy i Saved The table below presents the annual market for sofas in Akron, Ohio. Suppose the state government imposes a $200 excise tax on every sofa sold to be paid by customers at the point of sale. Market for Sofas Price (dollars) Quantity of Sofas Demanded Quantity of Sofas $1, 240 Supplied Quantity of Sofas Demanded with 140 Excise Tax 1, 180 290 170 90 1, 120 270 200 120 1, 060 250 230 1, 000 230 150 260 180 940 210 290 880 190 210 320 170 240 820 350 150 270 760 380 130 300 700 410 110 330 360 Instructions: Enter your answers as a whole number. a. Before the excise tax is imposed, what are the equilibrium price and quantity of sofas in Akron? P= $ Q= sofas b. Including the excise tax, what is the new equilibrium price consumers pay for sofas after the tax is imposed? $ c. After the excise tax is imposed, what is the new equilibrium quantity of sofas? sofas d. What is the total amount of revenue collected by the government from the excise tax on sofas? $