Ebenezer Scrooge has just been elected the new President of 0% 12- Christmasland. As his first action, he is thinking of introducing an excise (or commodity) tax on either Santa hats 10- Supply 90% or Christmas lights. The demand and supply curves for both Correct products are shown on the graphs. Use the graphs to answer the questions. Price of Santa hats (S) 0% What would be the total deadweight loss of a $3 tax on ~Demand Santa hats? w 0/100 0% 2000 4000 6000 8000 10000 Quantity of Santa hats 12 - 0% What would be the total deadweight loss of a $3 tax on 10- Supply Christmas lights? 9- 0% 8- Price of Christmas lights ($) 0% WA 0% Demand The deadweight loss for Santa hats and the deadweight 0 loss for Christmas lights are different because the graph 2000 4000 6000 0% with the higher