Question: please stick to numbers on the graph in the question Question 6 [11 points] The supply of gazebos is given by P = 3 +

please stick to numbers on the graph in the question

please stick to numbers on the graph in the question Question 6[11 points] The supply of gazebos is given by P = 3

Question 6 [11 points] The supply of gazebos is given by P = 3 + 0.60; demand is given by P = 9. A specic tax of $3 per unit is subsequently imposed and that shifts the supply curve to P = 6 + 0.60. a) Solve for the equilibrium price and quantity before and after the tax. Equilibrium price before tax = $ I Equilibrium quantity before tax = I Equilibrium price after tax = $ I Equilibrium quantity after tax = I b) Draw the demand curve and two supply curves. Supply before tax Suppl after tax 12 15 1B 21 24 27 Quantity 3 c) Who bears the burden of the tax? c) Who bears the burden of the tax? (Select one) (Select one) Consumers Suppliers Consumers and suppliers SUBMIT AND MARK SAVE AND CLOSE

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