Question: Using the graph shown, determine the value of each of the following (note this could be a tax on sellers or a tax on buyers, as we discussed in class, it doesn’t matter who the tax is on):

1. equilibrium price before the tax
2. consumer surplus before the tax
   
3. producer surplus before the tax
4. total surplus before the tax
   
5. consumer surplus after the tax
6. producer surplus after the tax
7. total tax revenue to the government
8. total surplus
9. deadweight loss

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document