The figure shows the market for rides before and after the imposition of a $2.75 per-ride tax. How can we use the figure to measure the effect the tax has on consumers and on Uber and Lyft?Redraw the graph and show the areas representing the losses to consumers and to firms resulting from the implementation of the tax.

Price S2 (dollars Deadweight loss per ride) $2.75 tax shifts Price consumers the supply curve pay after the $2.75- up by $2.75 $21.75 ...... per-ride tax is imposed S 20.00 Price received by ride-hailing 19.00 companies after paying the tax D 425,000 500,000 Quantity (rides per day) The market for ride-hailing services before and after the imposition of a $2.75-per-ride tax shows that the tax shifts the supply curve up by $2.75, increasing the price paid by the consumer from $20 to $21.75 and decreasing the price received by ride-hailing companies from $20 to $19. The quantity of rides provided also falls from 500,000 to 425,000