1. Understanding the implications of taxes on welfare The following graph represents the demand and supply for blinkies (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. Demand Supply A 13.00 B C PRICE (Dollars per blinkie) 10.00 5, 7 D F 7.00 oo QUANTITY (Blinkies)UI-- oo- QUANTITY (Blinkies) Complete the following table, given the information presented on the graph. Result Value Equilibrium quantity before tax 10.0 Price consumers pay before tax $5.00 Per-unit tax $5.00 In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept A B C D E F Deadweight loss after the tax is imposed Consumer surplus before the tax is imposed Producer surplus after the tax is imposed Grade It Now Save & Continue Continue without saving