1. The following questions are based on the figure below, which shows the effect on the market of a tax levied on buyers: Price A S $15 $13 $12 D 0 4 6 Quantity (a) What is the equilibrium price and quantity before the tax is imposed? (2 marks) (b) What is the price sellers receive after the tax? (1 mark) (c) What is the price buyers pay after the tax? (1 mark) (d) How much of the tax burden falls on the buyers? (1 mark) (e) How much of the tax burden falls on the sellers? (1 mark) (f) Calculate the deadweight loss from the tax. (2 marks)