Exercise 2 Consider a market where supply curve is horizontal at P = 10 and the demand curve has intercepts {$34, 34}, and is defined by the relation P = 340.. (a) Illustrate the market geometrically. (b) Impose a tax of $2 per unit on the good so that the supply curve is now P = 12. Illustrate the new equilibrium quantity. (c) Illustrate in your diagram the tax revenue generated. (d) Illustrate the deadweight loss of the tax