: MORE RECOMMENDED READING: Chapter 8 in Mankiw; Chapters 8 and 9 in course notes. 4. In the market for bananas, there are three demanders and three suppliers. Here are their marginal value and marginal cost curves: Bert Ernie BigBird Q MV Q MV Q MV 1 $12 $15 $10 2 10 2 12 2 9 7 2 10 CO 8 4 2 9 4 Larry Moe Shemp Q MC Q MC Q MC $1 $3 1 $5 2 2 2 5 2 9 9 3 8 3 10 If CO 12 15 4 11 Suppose the government imposes a sales tax of $9 per banana. a What are the old and new equilibrium prices? b) How much consumer surplus is lost due to the tax? c) How much producer surplus is lost due to the tax? d) What is the deadweight loss due to the tax? Your answers to all these questions should be numbers