PA a. On the graph, demonstrate the effect of a $1 tax on equilibrium quantity and equilibrium price. $6.00 $5.00 b. What is the approximate new equilibrium price of shoes? Why didn't the trice rise by the amount of the is $4.00 tax? $3.00 $2.00 c. Shade the amount of the tax paid by consumers and label it A; shade the amount of the tax paid by producers and label it B. $1.00 3 6 9 12 15 18 21 24 27

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