1.In the market situation below, indicate CLEARLY how a $1 tax per pound on beef production would affect the following (make sure the price effects on the graph are consistent with the $1.00 tax) Show all your work.

A)the supply curve (S¹)

B) the equilibrium price and quantity (P¹, Q¹, E¹)

C) Indicate the change in consumer surplus

D) Indicate the change in producer surplus

E) Indicate the tax revenue collected

F) Indicate the deadweight loss