Problem 4 [20 pts] Suppose that the demand curve is given by D(p) = 150 2p and the supply curve is given by 5(p} = 30 + 2p 1. Derive the equilibrium price and quantity. [05 pts] Now, the government decides to implement a $4/ unit tax on the demander. 2. What is the new equilibrium price that the demander pays? How is the tax burden shared between the demander and the supplier? [05 pts] 3. What is the change in consumer's surplus after the policy change?[05 pts] 4. What is the tax revenue for the govermnent? What is the deadweight loss in welfare? Illustrate your answers on a graph. [05 pts]