Graph Input Tool (? 100 Market for Rum Supply Quantity 80 (Bottles) Demand Price 60.00 Supply Price 40.00 (Dollars per bottle) (Dollars per bottle) (Dollars per bottle) 20.00 6 8 8 8 8 8 8 8 8 PRICE (Dollars per bottle) Demand O 0 20 40 80 80 100 120 140 160 180 200 QUANTITY (Bottles) Suppose the government imposes a $20-per-bottle tax on suppliers. At this tax amount, the equilibrium quantity of rum is bottles, and the government collects | $ in tax revenue. Now calculate the government's tax revenue if it sets a tax of $0, $20, $40, $50, $60, $80, or $100 per bottle. (Hint: To find the equilibrium quantity after the tax, adjust the "Quantity" field until the Tax equals the value of the per-unit tax.) Using the data you generate, plot a Laffer curve by using the green points (triangle symbol) to plot total tax revenue at each of those tax levels. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.4000 3600 Laffer Curve 3200 2800 240 TAX REVENUE (Dollars) 2000 1600 1200 400 10 20 30 40 50 60 70 80 9 100 TAX (Dollars per bottle) Suppose the government is currently imposing a $60-per-bottle tax on rum. True or False: The government can raise its tax revenue by decreasing the per-unit tax on rum. O True O False Consider the deadweight loss generated in each of the following cases: no tax, a tax of $40 per bottle, and a tax of $80 per bottle. On the following graph, use the black curve (plus symbols) to illustrate the deadweight loss in these cases. (Hint: Remember that the area of a triangle is equal to = x Base x Height. In the case of a deadweight loss triangle found on the graph input tool, the base is the amount of the tax and the height is the reduction in quantity caused by the tax.)4000 3800 Deadweight Loss 3200 2800 2400 DEADWEIGHT LOSS (Dollars) 2000 1600 200 800 100 10 20 30 40 50 60 70 80 90 100 TAX (Dollars per bottle) As the tax per bottle increases, deadweight loss