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_ ...._......_..,.J............,-......_... -._...._...,._...._.._...._...._... -v..- Consider a market where supply and demand are given by P = 6 and P = 34 20 respectively. Use the graph given below to answer the following questions. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. 12151321242'73'035 Q (units) a] Graph the demand and the supply curves. b} What is the current equilibrium quantity? Equilibrium Quantity 2 I units c] Impose a tax of $4 per unit on the good so the supply curve is now P = 10. Calculate the new equilibrium quantity, and draw the new supply in the diagram. Quantity With Tax: I W15: d) Calculate the tax revenue generated. TaxRevenue: $I e} Calculate the deadweight loss