The aggregate demand function in the beer market is given by D(p) = 70, 000 100p The aggregate supply is given by 3(1)) = 100;}. (a) Find the equilibrium (price, quantity, consumer surplus, pro- ducer surplus, elasticity of demand). Draw a graph of the situation. (b) Suppose that the government imposes a tax t = 70 per unit, to be collected by the producers. Find the new aggregate supplyr and equilibrium. Draw the new situation in the same graph as (a). (c) Compute the producer's and consumer's tax burden and the deadwcight loss. (d) Without making any calculations, explain how (c) would have changed if elasticity of demand or supply had taken extreme values (either zero or on). In other words, assuming that e is positive and nite, discuss 4 cases: (5, a) = (a, 00), (00,411), ((1,0), (0,111)