Microeconomics, 2. Taxes and welfare Consider the market for desigrer handbags. The following graph shows the dermand and supply for designer handbags before the government imposes any taxes. Firsl, use the black point (plus symbal) to indicate the equilibrium price and quantity of designer handbags in the absence of a tax. Then use the green paint (tiangle symbol) to shade the area representing total consurmer surplus (CS) at the equilibrium price. Next, use the purple point ( diamond symbel) to shade the area representing total producer surplus [P5] at the equilibrium price.Suppose the government imposes an exdse tax an designer handbags. The black line an the following graph shows the tax wedge created by a tax af 5160 per handbag First, use the tan qusdrilateral (dash symbois) to shade the: area represeriting tax revenue, Mext, use the green paint (triangie symbel) to shade the ares representing total consumer sunplus after the tax. Then, use the purple point (diamond symibol) to shade the ares representing total producer surplus after the tax, Finally, use the black point (plus symbal) to shade the ares representing deadweight lass, Complate the fallowing table by using the previous graphs to determine the values of congumer and producer surplus before the tax, and consurner surplus, producer surplus, tax revenue, and desdweight loss after the tax. Nate: You can determine the areas of different portions of the gragh by selecting the reievant area