Question 1: Consider the perfectly,r competitive market for e-cigarettes. The market supply fer e-eigarettes is given by: P = % Q5- The market demand for e-cigarettes is given by: P = 90 iQD La) At what price P* and quantity Q\" will the market he in equilibrium? 1.b) The graph below has quantity on the horizontal axis and price on the vertical axis. Draw the supply curve and the demand curve. Indicate clearly where each curve intersects the horizontal and vertical axis. On your graph, clearly indicate where equilibrium price P* and quantity Q' are. P Q 1.c) How much producer surplus do firms receive at the market equilibrium? 1.d) How much consumer surplus do buyers receive at the market equilibrium?Suppose the government imposes a per-unit sales tax of $9 for every e-cigarette sold. 1.e) After the tax is imposed, what is the new quantity bought sold? 1.f) What is the price that firms receive? What is the price that consumers pay? 1.g) How much producer surplus do firms receive after the tax? 1.h) How much consumer surplus do buyers receive after the tax?1.i) How much deadweight loss is created by this tax