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(? After Tax 400 360 Demand Tax Revenue 320 A 280 Consumer Surplus 240 Tax Wedge PRICE (Dollars per air conditioner) 200 160 Producer Surplus
(? After Tax 400 360 Demand Tax Revenue 320 A 280 Consumer Surplus 240 Tax Wedge PRICE (Dollars per air conditioner) 200 160 Producer Surplus 120 Supply 80 Deadweight Lo 40 0 240 360 480 600 720 840 960 1080 1200 QUANTITY (Air conditioners) Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax, and consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area. Before Tax After Tax Dollars) (Dollars) Consumer Surplus Producer Surplus Tax Revenue o o Deadweight Loss
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