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4. Use the graph below to answer parts a and b $12 Price 8.15 3.65 532 220 400 a. Assume no taxes are levied. What

4. Use the graph below to answer parts a and b $12 Price 8.15 3.65 532 220 400 a. Assume no taxes are levied. What is consumer surplus? Supply Demand Quantity b. Now suppose a $4.50 tax per unit is imposed. (You may shade in the graph or give a numerical answer below.) i. What is tax revenue? ii. What is consumer surplus? iii. What is producer surplus? iv. What is deadweight loss

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