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(4) Supposed the Federal Government imposed a per unit tax of $3 per barrel on US oil consumption to reduce energy consumption, rather than imposing

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(4) Supposed the Federal Government imposed a per unit tax of $3 per barrel on US oil consumption to reduce energy consumption, rather than imposing the sanctions. Use the demand and supply equations from question (1) to calculate the following: \" \"is. a. Price the buyers pay b. Price the sellers receive c. The quantity consumed with the tax d. Plot the resulting tax diagram e. Calculate the Dead Weight Loss 1'. Calculate the amount of government tax revenue Ans

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