n the market for apples, the demand curve is Q $=503$P and the supply curve is Q

$=2$P$.$ The Government decides to raise revenue by taxing consumers $2$ for every apple

purchased.

i$)$ Graph the supply and demand curves, and indicate how the curves shift after

implementation of the tax.

ii$)$ Calculate the pre$-$tax and after$-$tax equilibrium quantities and prices.

iii$)$ Calculate the change in consumer and producer surplus from the tax.

iv$)$ Calculate the burden of the tax borne by consumer and producer