Question: 1. The distance between points A and B represents a tax. At equilibrium, what is total surplus before the tax? 2. The distance between points

1. The distance between points A and B represents a tax.

1. The distance between points A and B represents a tax. At equilibrium, what is total surplus before the tax?

2. The distance between points A and B represent a tax. At equilibrium, what is total surplus after the tax?

3. The distance between points A and B represents a tax. At the after-tax equilibrium, what is deadweight loss from the tax?

4. The distance between points A and B represents a tax. What is the amount of tax revenue?

5. The distance between points A and B represents a tax. What percentage of the tax burden is borne by buyers? Express percentage as a number, rounded to the nearest whole number (so enter 2.1% as 2).

I really need help with this one, please answer, Thanks!

Price $16 $11 Supply $5 $4 $3 Demand 30 80 Quantity Price $16 $11 Supply $5 $4 $3 Demand 30 80 Quantity

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