The governor’s office has forecast a sizable state budget deficit. Plans are being made to cut state spending and to increase state taxes. The budget office expects that higher tax rates will yield the extra tax revenue needed to balance the state budget. The budget office might be mistaken. Under what circumstances will raising taxes fail to balance the budget? That is, when is it possible for an increase in tax rates to cause a decrease in total revenue collected by the state? Use a total of two different diagrams to show the complete case where tax rates increase, but total tax revenue actually decreases. Label both diagrams fully and explain all steps in the process.