1. The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario.

PRICE (Dollars per pinckney) I I I I 9 13.5 QUANTITY (Pinckneys) Complete the following table, given the information presented on the graph. Result Value Price consumers pay before tax $ Per-unit tax $ Equilibrium quantity after tax In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept A B Tax revenue after the tax is imposed l'i l'l l'l Consumer surplus after the tax is imposed l'i F m m m E m m m D m m m C m m m Producer surplus before the tax is imposed l'l l'l Before Tax 150 135 Demand Equilibrium 120 105 A 90 Consumer Surplus 75 PRICE (Dollars per fan) 60 Producer Surplus 45 Supply 30 15 0 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Fans)After Tax 150 135 -- I 120 Tax Revenue A 105 -- A C .5! g 90 Tax Wedge Consumer Surplus 2 vs I 9'1 8 6 Producer Surplus E \" '5 I 30 ' DeadweIg ht Loss 15 0 I I I I I I I I I I O 10 20 30 40 50 60 70 80 90 100 QUANTITY (Fans) Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax, and consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area. Before Tax After Tax (Dollars) (Dollars) Consumer Surplus Producer Surplus Tax Revenue 0 Deadweight Loss 0