Preface: Suppose that we are in the table salt (salt for food) market and the U5, Federal Government wants o ralse tax revenue by Implementing an exclse tax on packets of table salt. Use the graph to answer the following guestions: 5 100 200 Q 1. How much Is the excise tax per packet of salt? Who actually remits the tax and how do we know which entity actually remits or physically pays the tax [Clearly articulate your answer In a sentence or twa.) 2. Suppose that the LS. Federal Government assumes that the exact same number of packets of table salt will be sold after the tax than as before the tax was implemented. How much revenue ks the US. Federal Government projected to collect? 2. What ks the actual excise tax revenue? Why Is the actual exclse tax revenues less than the projected tax revenue? What was the U5, Federal Government assuming about consumers? [Clearly articulate your answer In a few sentences for full points.) A What ks the fraction of the tax borne by consumers? What |s the fraction of the tax barne by suppliers? (Provide and submit your elasticity calculations by typing them into the textbox below or you can submit them as an image Into the textbox. lgnore the endpolnt groblem. If you submit an image, please make sure that your image |s MOT an HEIC, HEIF, or PDF file. ou should upload your Image as a JPEG file or a PNG file] 5. How realistic are the tax burden calculations in guestion 4, given the market we are In and the pood we are analyzing? (Fully articulate your answers in at least a paragragh using economic concepts and logic) & What ks the deadwelght loss from the implementation of the tax? [Fully articulate and explain why deadwelkght boss ocours from the Implementation of a tax In at least a couple sentences)