*Please do not use ChatGPT or any AI for answer* Can you highlight to the government that taxes are generally not good to do so,
*Please do not use ChatGPT or any AI for answer*
Can you highlight to the government that taxes are generally not good to do so, please draw two demand and supply diagrams to show the effects of a "tax on consumers"
In first diagram, show consumer and producer surplus without tax.
In the second diagram, introduce the tax and identify consumer surplus, producer surplus, government revenue, and the deadweight loss.
Below, using three dot points briefly summarise what happens to consumer and producer surplus and relate that summary the deadweight loss.
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