Question:

Figure The Market for Green Tea The figure shows the market

Last updated: 12/8/2023

Figure The Market for Green Tea The figure shows the market

Figure The Market for Green Tea The figure shows the market for green tea In the green tea market the pretax equilibrium price is 3 and the pretax equilibrium quantity is 20 cups A tax charged on suppliers is levied on each cup of green tea shifting the supply curve upward What is the tax rate Price per tea 4 00 3 00 2 25 1 75 O SI 2 50 O 1 75 0 50 15 20 New supply Old supply Demand Cups of tea per month