Question: this is the question Question 5 [12 points] The data in the following table is for the latest Game by Jane Millworth. a) Fill in
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Question 5 [12 points] The data in the following table is for the latest Game by Jane Millworth. a) Fill in the Quantity Supplied (after tax) column assuming that a $2 per unit excise tax is imposed on the supplier. b) What is the equilibrium price and quantity before the tax? Equilibrium Price = $ Equilibrium Quantity = c) What is the equilibrium price and quantity after the $2 tax is imposed? Equilibrium Price (after tax) = $ Equilibrium Quantity (after tax) = d) What portion of the $2 tax is paid by the seller and what portion is paid by the consumer? Seller Consumer
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