\fInstead, suppose the government taxes smartphones. The Following graph shows the annual supply and demand for this good, as well as the supply curve shifted up by the amount of the proposed tax ($100 per phone). On the fofl'owing graph, do the same thing that you did on the graph For leather jackets. Use the green rectangle {triangle symbols) to shade the area that represents tax revenue for smartphones. Then, use the black triangie (pius symbols) to shade the area that represents the deadweight loss associated with the tax. 1. Taxes and efficiency The government is considering levying a tax of $100 per unit on suppliers of either leather jackets or smartphones. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for leatherjackets is shown by 1);, (on the rst graph), and the demand for smartphones is shown by D5 (on the second graph). Suppose the government taxes leather jackets. The following graph shows the annual supply and demand for this good. It also shows the supply curve (5 + CHM?) shifted up by the amount of the proposed tax ($100 per jacket). On the following graph, use the green rectangle { triangle symbols) to shade the area that represents tax revenue for leather jackets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax