The figure below represents the equilibrium market (E) between the demand and supply of tanning services. The government sets an excise tax on this service in such a way that the price paid by the buyer increases by 10% and the price received by the seller decreases by 10$ Price of tanning services (S) 70 60 S 50 E E 40 30 20 10 0 1,000 2000 3,000 Quantity of tanning services 1- Define and compute the excise tax. 1.5 marks 2- What does the green area represent? 0.5 mark 3- Define and compute the tax revenue from this excise tax. 2 marks 4- If the government decides to double the excise tax rate on the service, would the amount of revenue collected increase? Justify your answer 1 mark 5- What does the area AEB describe? Define it 1 mark