Suppose the govement imposes an excise tax on designer purses. The black line on the flowing graph shows the tax wedge created by a tax of $40 per purse 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 areas representing total producer surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss, After Tax Tax Revenge 100 Demand A 1 120 Consumer Surplus PRICE (Dos per perse) 100 Tex Wedge Producer Surplus Supply Deadweight Loss To Consider the market for designer purses. The following graph shows the demand and supply for designer purses before the government imponers any LAN First use the black point Colus symbol) to indicate the equilibrium price and quantity of designer nurses in the absence of a tax. Then use the green point (rungle wymbol) to do the area meresenting total consumer Surph (CS) at the equilibrium prion. Next, use the purple point (diamond mon to trade the area representing to producer supus (PS) at the equilibrium price Before Tax 200 + Equilibrium Demand A Consumer Surplus PRICE Drapere) Producer Surplus SI 60 20 500 De Los 29 0 0 IN 2010 QUANTITY (Pure 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 0 0 Grade It Now Save & Continue Continue without saying