Use the supply and demand information in the table below to answer the following questions, Price $0.00 0.50 1.00 1.50 2.00 as 50 100 150 200 250 OD 200 175 150 125 100 3. What is the equilibrium price and quantity? Instructions: Enter your response for equilibrium price rounded to two decimal places. Equilibrium price: $ Equilibrium quantity units b. What is equilibrium price and quantity with a $075 per-unit tax levied on suppliers? Instructions: Use the tool provided 'Stax to draw the new supply curve based on the data given in the table above and in part b. Plot 5 points on the curve for each of the quantity supplied values. 3.0 Tools 2.5 Stax 2.0 So Price 1.5 1.0 0.5 0 DO 200 50 100 150 250 300 Quantity Instructions: Enter your responses rounded to two decimal places. Now the price consumers pay (equilibrium price) is $ and the price suppliers receive is $ Instructions: Enter your response as a whole number Equilibrium quantity: units C. Suppose a $0.75 per-unit tax is levied on consumers not suppliers. What is equilibrum price and quantity with this tax? Instructions: Use the tool provided 'Dtax to draw the new demand curve based on the data given in the table above and in parte Plot the points on the curve for each price and quantity combination only when price is > 0 (3 points total where 0-100, 125, and 150). 3.0 Tools / 2.5 Dtax so 2.0 Price 1.5 . 1.0 0.5 DO 0 50 100 150 200 250 300 Quantity Instructions: Enter your responses rounded to two decimal places. Now the price consumers pay is $ and the price suppliers receive (equilibrium price) is $ Instructions: Enter your response as a whole number Equilibrium quantity: units d. What conclusion can you draw about the difference between levying a tax on suppliers and consumers? Consumers and suppliers are affected differently when the tax is placed on either the consumer or the supplier. Consumers are affected more when the tax is placed on suppliers, so it is better to have the tax placed on consumers. Consumers are affected more when the tax is placed on consumers, so it is better to have the tax placed on suppliers Consumers and suppliers are affected the same regardless of whether the tax is placed on the consumer or the supplier