demand elasticity / consumer surpluus

The demand and supply functions of the market for hardtack are described by p : 102q and p = 3g. 1. (8 points) Plot the demand and supply functions and calculate the market's equi librium quantity and price (q*, 19*). 2. (8 points) What is the demand elasticity in equilibrium? What is the supply elasticity in equilibrium? 3. (8 points) What is the consumer surplus in equilibrium? 4. (8 points) Now the pirate government imposes a perunit tax of $5. Plot the new equilibrium with the tax and calculate the price paid by buyers along with the net price the sellers charge. Who faces a higher tax incidence, buyers or sellers? 5. (8 points) Calculate the new consumer surplus, the tax revenue, and the deadweight loss. Label each of these areas in a plot