Suppose the weekly demand for a certain good in thousands of units, is given by the equationP= 23 - 3Q, and the weekly supply curve of the good by the equationP= 3 +Qwhere P is the price in dollars. Finally, suppose a per-unit tax of $4, to be collected from sellers is imposed in this market. Complete the following questions.

Note:If necessary round your answers to two decimal places.

a)Graph the weekly demand, supply (pre-tax), and supply (post-tax) equations.

Supply Curve (without tax)

b)What is the equilibrium price before the tax?

Equilibrium Price = $

0

c)What is the Consumer and Producer Surplus before the tax?

Note:Remember that the quantity of units on the graph are in thousands.

Producer Surplus = $

0

Consumer Surplus = $

0

d)What is the new Consumer and Producer surplus after the tax is imposed?

Note:Remember that the quantity of units on the graph are in thousands.

Producer Surplus = $

0

Consumer Surplus = $

0

e)How much government revenue will this tax generate a week?

Note:Remember that the quantity of units on the graph are in thousands.

Government Revenue = $

0

per week