Suppose the demand for dalgona (honeycomb candy} in Seoul is Qd=16005P, and the supply is Qs=3P. a. Graph the supply and demand curves. {3 points} b. Solve forthe equilibrium price and quantity. Show this point on your graph from part (a). {5 points) c. How much consumer surplus is created in this market? How much producer surplus? {4 points) d. Suppose there is a new tax of 40 won per unit on dalgona. Write an equation showing the relationship between the price paid by consumers and the price received by sellers. (2 point] e. Find the new {after-tax) equilibrium quantity, price paid by consumers, and price received by sellers. (5 points) f. How much consumer surplus is created in this market after the tax? How much producer surplus? (4 points) g. How much tax revenue is generated by the tax? How much deadweight loss does the tax cause? {4 points) h. Do buyers or sellers bear a larger share ofthe tax burden in this market? Explain your answer. (3 points} 5. (Extra Credit). In question 1, suppose the tax revenue is used to fund a public good. The total value of the public good is equal to 1.5 times the amount of tax revenue. Find the per-unit tax t that maximizes total surplus (including the value of the public good as well as consumer and producer surplus in the dalgona market). (4 points extra credit)