The demand for ice cream is given by =202 and measured in gallons of ice cream. The supply is given by =410.

a. Graph the supply and demand curves and find the equilibrium price and quantity of ice cream.

b. Suppose the government imposes a $1 tax per gallon of ice cream to be collected by the buyer. Plot the new demand curve on the graph and calculate the new equilibrium price and quantity.Compare this equilibrium to the one before the tax.

c. Calculate the elasticities of supply and demand at the equilibrium price and quantity.

d. Who bears the greater burden of the tax. Explain.

e. Calculate the consumer and producer surplus before and after the tax.

e. Calculate the government revenue raised by the tax. Calculate the amount of dead weight loss associated with collecting the tax.