9. Consider the table below for pizza. Price of pizza Quantity Demanded Quantity Supplied $10 0 80 $8 20 60 $6 40 40 $4 60 20 $2 80 0 Suppose the town of microeconomy land decides to impose a $4 excise tax on pizza sold, which is a tax placed on the sellers. Please answer the following questions below, 1 through 5. 1. Please draw the demand and supply curve for pizza(Make sure the demand and supply curves intersect and label them DI and S1, respectively.) and label Price on the y-axis and Quantity on the x-axis. 2. What is the equilibrium price and equilibrium quantity of pizza? Also, please calculate the consumer surplus and producer surplus before the $4 excise tax on pizza is implemented by the town of microeconomy land. Please show your work on your consumer surplus and producer surplus calculations 3. With the $4 excise tax being placed on the sellers, please draw the new supply curve and label it $2. (Hint: Add $4 to each price and then use the quantity supplied figures to derive your new supply curve, $2.) Please make sure the new supply curve is intersecting with the demand curve D1. As a result of implementing the $4 excise tax, did the supply curve shift to the left or to the right and what happened to equilibrium price and equilibrium quantity? 4. Please calculate consumer and producer surplus after the tax. Did consumer and producer surplus rise or fall and are producers and consumers better off or worse off as a result of the $4 excise tax on pizza? Why or why not? Explain and show your work on the consumer surplus and producer surplus calculations. 5. How much tax revenue does the town of microeconomy land generate from the $4 excise tax? Please show your work and calculations