Consider a market where supply and demand are given by P = 6 and P = 28 - Q respectively. Use the graph given below to answer the following questions. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. v Demand 912151821242730 0(units) j a) Graph the demand and the supply curves. b) What is the current equilibrium quantity? Equilibrium Quantity = I units c) Impose a tax of $4 per unit on the good so the supply curve is now P = 10. Calculate the new equilibrium quantity, and draw the new supply in the diagram. Quantity with Tax = I units d) Calculate the tax revenue generated. Tax Revenue = $I