B. Taxes. Government decides to remove the imposed price mandate and instead collects $0.50 tax for each pound of fudge sold. Assume the tax is imposed on the buyers. 1. Depict on a graph the old equilibrium and the new equilibrium. 3 2. Label the Price buyer pays and Price seller receives. 3. What is the tax incidence? 4. Fill in the following table. Make sure to show your work in the space below the table. Without Tax With Tax Change (Without Tax minus With Tax) Consumer Surplus Producer Surplus Tax Revenue Total Surplus 4