1] Suppose the Congress of the US is considering two laws it might enact that are meant to discourage consumption in a market characterize bythe following equations for demand and supply: Ga = 50 - P as = 1'3 Use this information and a graphical analysis to answer the following. a} Identify what the welfare effects would be if Congress instituted a $4 per unit tax that sellers are physically paying to the government. Be sure to calculate the after-tax prices and o uantity. Then use a well labeled graph to clearly illustrate the welfare effects. bl Identify what the welfare effects would be if Congress were to set a quota of 23 units in the market. (Hint: This means that a rule is in place which effectively limits the combined firms to supplying any amount up to, but no more than, 23 units total. Moreover; there are no restrictions on the price firms can charge. Be sure to draw a new supply curve that reflects this policy as a part ofyour answer.l c} How do the potential laws diyerge in their welfare impacts