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I do not understand how to solve this After Tax 400 360 Demand Tax Revenue 320 4 280 240 Tax Wedge Consumer Surplus 200 PRICE

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After Tax 400 360 Demand Tax Revenue 320 4 280 240 Tax Wedge Consumer Surplus 200 PRICE (Dollars per handbag 160 Producer Surplus 120 Supply 80 Deadweight Loss AC 0 120 240 360 480 600 720 840 960 1080 1200 QUANTITY (Handbags) Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax, and consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area. Before Tax After Tax (Dollars) (Dollars) Consumer Surplus Producer Surplus Tax Revenue O Deadweight Loss O

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