Q2. Miceoeconomics

First, use the tan quadrilateral (dash symbols) to shade the area representing tax revenue. Next, use the green point (triangle symbol) to shade the area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol) to shade the area representing total producer surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss. (?) After Tax 400 380 Tax Revenue 320 Demand A 280 240 Consumer Surplus 200 Tax Wedge PRICE (Dollars per handbag) 160 Supply Producer Surplus 120 + 80 Deadweight Loss 0 0 100 30 300 400 500 600 700 800 900 1000 QUANTITY (Handbags) Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax, and consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area. Before Tax After Tax (Dollars] (Dollars) Consumer Surplus Producer Surplus Tax Revenue Deadweight Loss