Practice Assignment 1 EA 90 80 70 60 50 40 30 20 10 D 20 40 60 80 100 120 140 160 180 200 X (tonnes) 1. X is a miracle good. The demand and supply for X is given above. The market is perfectly competitive. Suppose the government introduces a tax on X of $30 per tonne. a. The equilibrium price consumers pay after tax will be $ per tonne. b. The equilibrium price producers receive after tax will be $ per tonne. c. Tax Revenue is $_ . (show your work) d. Consumer surplus after tax is $ (show your work) e. Producer surplus after tax is $ (show your work)