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The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government
The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol} indicate the after-tax scenario. ; (D .E E a. '5 Q s g a 1' E, m I Q I E I I I l I I I l I I I 3 4.5 QUANTITY (Pinckneys) Result Value Equilibrium quantity before tax I:] Perunit tax Price producers receive after tax In the foiiowmg table, indicate which areas on the previous graph correspond to each concept. Check at! that apply. Concept A B C D E F Tax revenue after the tax is imposed U U U [_J L] L] Producer surplus after the tax is imposed C] [:1 C] C] C] Consumer surplus after the tax is imposed ['1 [7 [-1 [1
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