airline trips in 2017, with an average price ofS 248.50. The following table shows the supply and demand schedules for airline trips. The quantity demanded at the average price of 5 248.50 is actual data; the rest is hypothetical. Price of Trip Quantity of trips Quantity of trips demanded (millions) supplied {millions} 5 250.00 55.0 82.4 5 245.50 5?.3 T15 5 241.50 T13 13.8 5233.54 ' 50.5 57.5 s 253.00 ' 55.3 55.5 a] What is the revenue in 201? from the excise tax? b] What is the approximate loss of welfare or dead weight loss associated with the excise tax? c} Suppose on January 1, 2013 the total excise tax will increase to 5 1?.00 per ticket. Assume the supply and demand schedule does not change. What is the quantity of tickets transacted now? What is the price for tickets now? What will be the dead weight loss? What will be the tax revenue in 2013 for the ATSC tax? Does this increase in the excise tax increase or reduce the revenue of ATSC