Consider the market for designer handbags. The following graph shows the demand and supply for designer handbags before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of designer handbags in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the area representing total producer surplus (PS) at the equilibrium price.After Tax 300 270 Tax Revenue 240 Demand A 210 Consumer Surplus 180 Tax Wedge PRICE (Dollars per handbag) 150 120 Producer Surplus Supply 80 Deadweight Loss 30 40 80 120 180 200 240 280 320 380 400 QUANTITY (Handbags)