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Please give me clearly explanation. Thank you in advance Referring to the curve above, briey describe and analyze who (producers or consumers) will bear the

Please give me clearly explanation. Thank you in advance

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Referring to the curve above, briey describe and analyze who (producers or consumers) will bear the biggest tax burden if the government imposes a tax on basic necessities (eg foodstuffs). Show the dead weight loss of the tax policy. EVALUA11NG THE GAINS AND LOSSES FROM GOVERNMENT POLICIESCONSUMER AND PRODUCER SURPLUS I'ricu Controls and Natural Gas Shortages Supply: 03 = 15.90 + 0.72:!\"G + 0.05:3o Figure 9.4 Demand: Q0 = 10.35 0.18.03 + 0.69130 1 18 P - $1932 ; SUPP 3' The market-clearing price of natural gas is $0.40 16 per md. and the (hypothetical) maximum allowable price ls $3.00. A shortage of 23.6 - 20.8 = 3.0 W results. The gain to consumers is rectangle A minus triangle B, and the loss to producers is rectangle A plus triangle C. The deadweight loss Is the sum of triangles B oumu'ty rrch (3'- 23 plus C. 14 Chapter 9: The Analysis of Competitive Markets Referring to the curve above, do a complete calculation/decrement so that you get the consumer surplus, producer surplus and dead weight loss gures as shown in the graph

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