12. Suppose the government imposes an excise tax on the production of a good produced in a perfectly competitive market that was in long run equilibrium. Draw side by side market and rm graphs showing the short run impact on the rm and the market. Describe how the market adjusts to bring about a new tong run equilibrium. Compare originai and new market price. the size of the industry before and after the tax, and the amount produced by the ind ustr'yr before and after the tax