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10. 4 EXTRA CREDIT POINTS - Optional Question: Extra Credit points count for you, missed points do not count against you. From the chart below,

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10. 4 EXTRA CREDIT POINTS - Optional Question: Extra Credit points count for you, missed points do not count against you. From the chart below, identify the following areas (using the letters) before and after a tax is levied: 1. Consumer surplus before the tax 2. Producer surplus before the tax 3. Tax revenue 4. Consumer surplus after the tax 5. Producer surplus after the tax 6. The deadweight loss after the tax 7. Loss in consumer surplus after the tax 8. Loss in producer surplus after the tax Price Supply Price A buyers = PB pay B Price without tax = PI Price D sellers = PS receive F Demand Q1 Quantity

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