1. Understanding the implications of taxes on welfare 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. Demand Supply B 30 00- PRICE (Dollars par pinckney) 22 50 QUANTITY (Pinckney) Complete the following table, given the information presented on the graph. Result Value Price producers receive after tax Per-unit tax Equilibrium quantity before tax In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply Concept F Producer surplus after the tax is imposed Consumer surplus before the tax is imposed Deadineight lost after the tax it imposed