2) Use the following table to answer the questions that follow. It contains information related to the market for t-shirts: Notice that Q is the amount initially offered.A) What is the price and quantity demanded at the starting point of equilibrium?Suppose the government imposes a tax of $1.00 per unit on the producers of the t-shirts. This measure has the impact of shifting the initial supply curve Q to a new curve &$B) Using squared paper, draw the supply and demand curves clearly demonstrating what the initial supply curve is and what the new curve is after the tax (The post-tax curve). Also show the vertical displacement in the supply and the changes in the price and the amount of balance as a result of the tax.C) The new price the new amount of balance are:D) What part of the $1.00 tax falls on the seller?E) What part of the tax falls on the buyer?3) Keeping the other things the same, the price elasticity of a product tends to be higher.