(Figure: The Market for Green Tea) Use Figure: 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? 
A) $1.75
B) $1
C) $2.50
D) $0.50
Correct Answer:
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