Use this equation for the questions below, P = 1 + 0.05*Q.

(a) Construct a supply and demand diagram for a product which identies a market equilibrium price of $6.00 and a market equilibrium quantity of 100 units. At the price of $8.00 the quantity demanded by consumers is zero. (b) Use the same diagram as in (a) to show the imposition of a $1.00 tax on consumers of the product. What are the new consumer and producer prices and quantity traded in the market? (c) How much of the tax is borne by sellers and how much of the taxis borne by consumers? ((1) Calculate the tax revenue received by the government and show this area on your diagram. (e) Calculate the deadweight loss and show this area on your diagram