Tax: Burden . Tax imposed on: Suppl? EXCise Tax (0 $20) Demand Perfectly :'.': Relatively Inelastic - '_.- Elastic Relatively Elastic Supplir Less . Perfectly Elastic Elastic Relatively Elastic I O I I I O 0 I I O 0 I I O O I E CALCULATIONS 3.0 4.0 5.0 6.0 7.0 8.0 9 0 Quantity Price Paid (thousands per week) $50.00 $57.38 Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $18.00 and the vertical intercept is $92.00 for the demand curve. Assume there is initially no tax, and that a $13.00 tax is being proposed by policymakers. Report all answers to two declmal places. a) Calculate the total amount of surplus that consumers would lose ifthe tax was implemented. $ b) Calculate the total amount of surplus that producers would lose ifthe tax was implemented. $ c) How much ofthe total losses for consumers and producers are recovered as government tax revenue? $ d) Is there any surplus lost by either consumers or producers that is not recovered as revenue? (Click to select) v