och this Homework (Ch 08) First, use the black point (plus symbol) to indicate the equilibrium price and quantity of commercial fans in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium prion, Next, use the purple point (diamond symbol) to shade the area representing total producer surplus (PS) at the equilibrium price Before Tax 160 + 30 Equilibrium Demand ro Consumer Surplus PRICE Datas perfon 50 40 Producer Surplus Supply 30 0 16 o 100 250 350 400 500 600 73000 QUANTITY IF Suppose the government imposes an excise tax on commerdal fans. The black line on the following graph shows the tax wedge created by a tax of $20 per fan. First, use the tan quadrilateral (dash symbols) to shade the area representing tax revenue. Next, use the green point (trangle symbol to shade the area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol to shade the area representing total producer surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss, After Tax 100 88 Tax Revenue A Demand 70 Consum Sorblue 50 The Wedge PRICE (Dos pertan Producer Sur Supply Deadweight Loss 10 0 0 0 300 100 200 300 400 000 000 700 QUANTITY (Fans) 000 1000 Complete the following table by using the previous graphs to determine the values of consumer and producer surplus before the tax and consumer surplus, producer surplus, tax revenue and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant ares. Before Tax (Dollars) After Tax (Dollars) Consumer Surplus Producer Surplus Tax Revenue Deadweight Loss ten