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1. Understanding the implications of taxes on welfare The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario. (3 Demand PRICE (Dollars per pinckney) a-----+ w QUANTITY (Pinckneys) Complete the following table, given the information presented on the graph. Result Value Equilibrium quantity after tax Per-unit tax $ Price consumers pay after tax $ In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept A B C D E F Tax revenue after the tax is imposed ] [ Consumer surplus after the tax is imposed ] [ Producer surplus after the tax is imposed '] H _ [