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Suppose the weekly demand for a certain good in thousands of units, is given by the equation P = 27 - 2Q, and the weekly supply curve of the good by the equation P = 6 + Q where P is the price in dollars. Finally, suppose a per-unit tax of $18, to be collected from sellers is imposed in this market. Complete the following questions. Note: If necessary round your answers to two decimal places. a) Graph the weekly demand, supply (pre-tax), and supply (post-tax) equations. Supply Curve (without tax) 367 32 287 Price ($) 6 8 10 12 14 16 18 Reset Quantity (thousands of units/week) b) What is the equilibrium price before the tax? Equilibrium Price = $0 c) What is the Consumer and Producer Surplus before the tax? https://laecon1.lyryx.com/student-servlets/LabServlet? ccid=3819 1/2 2/20/2021 Lab 5 (Question 1) ~ Lyryx Learning Inc Note: Remember that the quantity of units on the graph are in thousands. Producer Surplus = $0 Consumer Surplus = $0 d) What is the new Consumer and Producer surplus after the tax is imposed? Note: Remember that the quantity of units on the graph are in thousands. Producer Surplus = $0 Consumer Surplus = $0 e) How much government revenue will this tax generate a week? Note: Remember that the quantity of units on the graph are in thousands. Government Revenue = $0 per week