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The graph shows the market for picture frames in which the Price (dollars per picture frame) government has imposed a sales tax of $2 per
The graph shows the market for picture frames in which the Price (dollars per picture frame) government has imposed a sales tax of $2 per picture frame on 18.00- + sellers. 16.00- Draw a point at the price paid by the buyers and the quantity of picture frames bought. 14.00- Draw the government's tax revenue. Label it TR. 12.00- S + tax Draw the producer surplus. Label it PS. 10.00- Draw the consumer surplus. Label it CS. 8.00- Draw the deadweight loss from the tax. Label it DWL. 6.00- >>> A label box can be dragged by its edge to a new position. 4.00- 2.00- D 0.00- 0 2 8 10 12 14 Quantity (millions of picture frames per year) >>> Draw only the objects specified in the
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