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. PRICE (Dollars per pinckney) ----+ 9 13.5 QUANTITY (Pinckneys) Complete the following table, given the information presented on the graph. Result Value Price consumers pay before tax $1.00 Per-unit tax $1.00 Equilibrium quantity after tax 1.0 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 Tax revenue after the tax is imposed O O O O O O Consumer surplus after the tax is imposed O O O O O O Producer surplus before the tax is imposed O O O O