4. 2 / 2 100% + | Use the graph below to answer parts a and b. $12 Price 8.15 532 3.65 220 400 à. Assume no taxes are levied. What is consumer surplus? ii. What is consumer surplus? Supply iii. What is producer surplus? Demand b. Now suppose a $4.50 tax per unit is imposed. (You may shade in the graph or give a numerical answer below.) i. What is tax revenue? Quantity

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