Given the demand and supply equations: d Qd =120 Ps, Qs = 2P a. what is the equilibrium price (P*) and the equilibrium quantity (Q*). Illustrate in diagram b. Calculate the consumer's surplus c.Calculate the producer's surplus d. (10 points) Now suppose the government imposed an excise tax of $3 per unit. Find the new equilibrium price (P**) and the new equilibrium quantity (Q**). Illustrate in a diagram. e. What price does the consumer pay after the tax? f. How much do producers receive after the tax? g. Calculate tax revenue.