1. Draw a correctly labeled demand and supply graph for a market and show equilibrium price and quantity. Assume the government imposes an excise tax on suppliers. On your graph, illustrate each of the following; a. The amount of the tax The quantity sold in the market after the taxis imposed, labeled QT The price consumers pay and the price seller receive, labeled PC and PS The total revenue from the tax The Deadweight loss from the tax 99.9