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The question is attached Suppose the government imposes an excise tax on designer purses. The black line on the following graph shows the tax wedge

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Suppose the government imposes an excise tax on designer purses. The black line on the following graph shows the tax wedge created by a tax of $60 per purse. First, use the tan quadrilateral (dash symbols) to shade the area representing tax revenue. Next, use the green point (triangle symbol) to shade the area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol) to shade the area representing total producer surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss. (?) After Tax 180 Demand Tax Revenue 120 A 10 90 Tax Wedge Consumer Surplus O PRICE (Dollars per purse) Producer Surplus 45 Supply + Deadweight Loss 70 140 210 280 350 420 490 560 630 700 QUANTITY (Purses) Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax, and consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area. Before Tax After Tax ( Dollars) (Dollars) Consumer Surplus Producer Surplus Tax Revenue Deadweight Loss

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