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Consider a market where supply and demand are given by P = 12 and P = 32 - Q respectively. Use the graph given below to answer the following questions. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Demand 327 P ($) 6 9 12 15 18 21 24 27 30 33 36 Reset Q (units) a) Graph the demand and the supply curves. b) What is the current equilibrium quantity? Equilibrium Quantity = 0 units c) Impose a tax of $4 per unit on the good so the supply curve is now P = 16. Calculate the new equilibrium tps://laecon1.lyryx.com/student-servlets/LabServlet?ccid=3819 1/2 21/2021 Lab 5 (Question 4) ~ Lyryx Learning Inc quantity, and draw the new supply in the diagram. Quantity with Tax = 0 units d) Calculate the tax revenue generated. Tax Revenue = $0 e) Calculate the deadweight loss. Deadweight Loss = $0