1. Consider the following market for widgets. The government has decided to place a tax on producers of widgets equal to $3 per widget. Please use the following instructions to evaluate the market for widgets before the tax and after the tax. a. On the graph on the left, please show and label the situation for the market for widgets without the tax. Be sure to label Q*, P*, consumer surplus, and producer surplus. b. On the graph on the right, please show and label the situation for the market for widgets with the tax. Be sure to label QT, Power Rector, tax revenue, consumer surplus, and producer surplus. P 12 P 12 11 11 10 10 N 100 200 300 400 500 600 700 800 900 1000 1100 1200 100 200 300 400 500 600 700 800 900 1000 1100 1200