ning: S of tax BI D Suppose the graph above describes the supply and demand in a competitive market. Further suppose that the government imposed a tax as shown. Refer to the graph to answer the following questions (Note: e.g. ABC below refers to the sum of the areas on the graph above, A+B+C): 1. If no tax is imposed in this market then the consumer surplus would be HK and the producer surplus would be 2. After the tax is imposed in this market the consumer surplus would and become equal to 3. After the tax is imposed in this market the producer surplus would and become equal to