Use the letters in the graph below to answer this question: letter or letters representing each area in the graph) As a result of the imposition of the excise tax in the market, a deadweight loss of emerges, consumer surplus decline to area and the government gains revenue equal to The following graph depicts the impact in a market after the government imposes an excise tax. 4000 O CF, A, BD O C, A, BD OF. AB. D O CF. E, BDUsing the graph below, fill in the blanks with the correct letter phrase (choices in parenthesis) The tax was levied on the (buyer, seller) because it is the more (Price inelastic, Price elastic) side of the market. The following graph dipida the impact in a market after the goverment inpoor in rice un. $16 1.460 O seller, price elastic O buyer, price elastic O seller, price inelastic O buyer, price inelastic