12. 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 A 28.00 B 24.00 D m 20.00 PRICE (Dollars per pinckney) QUANTITY (Pinckneys) Complete the following table, given the information presented on the graph. Result Value Per unit tax S Price consumers pay before 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 B C D E Producer surplus before the tax is imposed D O 0 O Deadweight loss after the tax is imposed Consumer surplus after the tax is imposed