Graph Input Tool 100 Market for Rum 90 I Quantity (Bottles) Supply 48 80 Demand Price (Dollars per bottle) Supply Price (Dollars per bottle) 70 60.00 40.00 Tax (Dollars per bottle) 60 20.00 50 40 30 Demand 20 10 12 24 36 48 60 72 84 96 108 120 QUANTITY (Bottles) Suppose the government imposes a $20-per-bottle tax on suppliers. in tax revenue. bottles, and the government collects $ At this tax amount, the equilibrium quantity of rum is Now calculate the government's tax revenue if it sets a tax of $0, $20, $40, $50, $60, $80, or $100 per bottle. (Hint: To find the equilibrium quan after the tax, adjust the "Quantity" field until the Tax equals the value of the per-unit tax.) Using the data you generate, plot a Laffer curve by usin the green points (triangle symbol) to plot total tax revenue at each of those tax levels. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. PRICE (Dollars per bottle)

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