x

please provide the correct answer don't copy from Chegg previous answer it is wrong and please draw a graph

QUESTION 5 Suppose Queensland Government is considering imposing carbon taxes on a mining site in far north Queensland because a recent study found that the mining site might have a negative health impact on local communities. The inverse demand curve is given by P=5005q The marginal private cost curve is given by S=MPC=20+q The marginal social cost curve is given by S=MSC= 140+q Using the information find the relevant equilibria to calculate the following: The before tax equilibrum price and quantity is (list price then quantity with a comma, between the numbers. Do not include any spaces in your answer) The after tax equilibrum price and quantity is (list price then quantity with a comma, between the numbers. Do not include any spaces in your answer) The change in consumer surplus is $ The change in producer surplus is $ The gain of tax revenue is $ The gain of local communities is $ The deadweight loss eliminated by the tax is $ Provide your answers in whole numbers in the boxes above. In your spreadsheet please provide a detailed explanation of your calculations along with a graphical illustration of the tax ( 1.5 marks)