Look at chart in first picture and answer what is in second picture b. Suppose that the government imposes a $1.00 tax on each CFL sold.Assume that producers pay the tax. What would be the new supplycurve? Show it both on the supply schedule and on the graph.c. After the imposition of the tax,i. What is the new equilibrium price?11. What is the new equilibrium quantity?D'Focushpfiofg144ト>fgfs&2:近 StylesParagraph3. The supply and demand schedules below describe the market for compactfluorescent lightbulbs (CFLS).PriceSame Supply Q nowat higher price withtax (millions)200Price +Supply(millions)Demand(millions)tax$2.00400200$2.50350250250$3.00300300300$3.50250350350$4.00200400400$4.50150450450$5.00100500500Granh a alu n Ad m nd a nnAra n hD Focushpfg144fsf6fg+1f1o144.5.6.L.8.6.立%24

Equilibrium takes place at a point where demand equals to supply. The calculations are done below-

b. Suppose that the government imposes a $1.00 tax on each CFL sold. Assume that producers pay the tax. What would be the new supply curve? Show it both on the supply schedule and on the graph. c. After the imposition of the tax, i What is the new equilibrium price? 11. What is the new equilibrium quantity?