Consider a market where supply and demand are given by P = 10 and P = 28 - Q respectively.

a)Graph the demand and the supply curves.

b)What is the current equilibrium quantity?

c)Impose a tax of $6 per unit on the good so the supply curve is now P = 16. Calculate the new equilibrium quantity, and draw the new supply in the diagram.

d)Calculate the tax revenue generated.

e)Calculate the deadweight loss.