Question: Please help! I will give a thumbs up. Consumer and Producer surplus Stax P $500 $200 $120 SX $50 D 80 150 Q Question 5:

Please help! I will give a thumbs up.

Consumer and Producer surplus Stax P $500 $200 $120 SX $50 D 80 150 Q Question 5: Assume an excise tax of $110 per-unit tax has resulted in a decrease in Supply as shown on the graph above. Show all your work. a. How much is the value of X (intercept of the green line). How do you describe what that value is ? b. How much is the consumer surplus before the tax? c. How much is producer surplus before the tax? d. How much is the consumer surplus after the tax? e. How much is producer surplus after the tax? f. How much tax revenue was raised by the government as a result of this taxation g. How much is the deadweight loss as a result of the tax

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