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Question 3 (4 points) Continue with the assumption that the world price is still $ 80 and that the oil sands oil production still generates negative externalities of $ 40 per barrel. What would be the impact of a green tax of $ 40 per barrel on oil extraction from the oil sands. Using the following graph, answer the following questions: Graph 1: Market for Oil in Canada 160 140 120 B 100 E G H 80 K 60 Price of a barrel of oil ($ US) R 40 Z 20 CC DD EE FF GG 100 200 300 400 500 600 700 800 900 1000 Barrels of oil (millions per year)Calculate: 1. Quantity consumed on the domestic market. 2. Quantity extracted by Canadian producers. 3. Quantity traded with the rest of the world. 4. Indicate the area that represents the new total economic surplus