Please help question 20

20 Market For Sada 015 Price [dollars) A A 83:00 52.50 81.50 $1.00 80.50 10 20 20 40 50 60 70 80 90 100 Quantity (thousands) a. Illustrate the consumer surplus generated If the market is in equilibrium. Instructions: Use the tool provided CS to Illustrate this area on the graph. Consumer surplus is $ thousand. b Illustrate the producer surplus generated if the market is in equilibrium. Instructions: Use the tool provided 'PS to illustrate this area on the graph. Producer surplus is $thousand C. What is the total economic surplus? Total economic surplus is $ thousand. Suppose a tax is levied in the market for soda. Consider a $050 excise tax on producers for each soda sold. The graph illustrates the demand and supply curves for soda both before and after the tax is levied. Use the graph below to answer the remaining parts of this question. Market for Soda O Price (dollars) $4.00 Tools A 53.00 $2. SO A TR $200 DWL $1.50 $1.00 30 50 O 10 20 30 40 50 60 70 80 90 100 Quantity (thousands) d. What is the consumer ed after the Imposition of the tax? Shade in this area on the graph. Instructions: Use the tool provided 'CSay' to illustrate this area on the graph. Consumer surplus after the Imposition of the tax is $thousand. e. What is the producer surplus gen imposition of the tax? Shade in this area on the graph. Instructions: Use the tool provided 'PStax' to Illustrate this area on the graph. Producer surplus after the imp ition of the tax is $ thousand. What is the total revenue generated from the tax? Shade in this area on the graph. Instructions: Use the tool provided 'TR' to illustrate this area on the graph. Tax revenue from the tax after the imp osition of the tax is $ thousand. g. What is the total eco surplus generated after the imposition of the tax? Total economic surplus after the imposition of the tax is $ thousand. h. What is the deadweight loss generated after the Imposition of the tax? Shade in this area on the graph. Instructions: Use the tool provided 'DWL' to illustrate this area on the graph, The deadweight loss after the imposition of the tax is $ thousand