Question: Using the data below, graph the supply and demand curves for metal water bottles of your favourite music group/ performer. Quantity supplied 0d 03 after

 Using the data below, graph the supply and demand curves for

Using the data below, graph the supply and demand curves for metal water bottles of your favourite music group/ performer. Quantity supplied 0d 03 after tax Qslt] Price 0005) (0005) {0005) $9.00 20 44 8.50 24 40 8.00 28 36 7 .50 32 32 7.00 36 28 6.50 40 24 5.00 44 20 1. What is the equilibrium price and quantity? 2. Suppose the government imposes a tax of $1.00 on each water bottle. Complete the column showing quantity supplied after the tax. (Hint: at a price of $8.00 the quantity supplied was 36000. With the tax, this quantity supplied will be supplied only at a price of $9.00, so the Quantity supplied with a tax at 9.00 is 36000) You continue, so at $8.50, the producer only gets 7.50, so is only willing to offer 32000 units

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