First, the members of Congress want examples of the economic cost that is incurred when a subsidy or tax causes the gasoline price to differ greatly from the true market price. (a) [3 points] Davis uses Saudi Arabia as an example to calculate how costly it can be to have a large gasoline subsidy. (The details of these calculations are in his appendix on pages 13-14.) His analysis is nine years old, though, and a lot has changed since then. Replicate his deadweight loss calculations for Saudi Arabia using these 2019 data and assumptions: Subsidized price of gasoline (p0): $1.48 per gallon Market price (or private cost) of gasoline (p1): $2.16 per gallon Annual consumption of gasoline (q0): 8,156 million gallons Own-price elasticity (): -0.6