Question: 1.) Answer the following questions based on the graph below. Supply After Tax Supply 5PRICE $11.00 $10.45 $10.00 $9.45 Demand Q' Q QUANTITY 75 100

1.) Answer the following questions based on the graph below. Supply After Tax Supply 5PRICE $11.00 $10.45 $10.00 $9.45 Demand Q' Q QUANTITY 75 100 a.) What is the price that the buyers are paying after the tax? Sellers receiving? b.) What is the amount of the tax? How much is the government revenue? c.) Label consumer surplus, producer surplus, and deadweight loss. d.) How would the elasticity of demand and supply show us who is bearing the burden of the tax

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