EC 252 Midterm 2 SA Practice 2. Use the following graph to answer questions A-C: Supply and Demand for Lumber 55 50 45 40 35 30 25 20 15 10 5 35 45 40 50 40 45 55 45 50 60 70 50 55 65 60 70 75 55 65 75 80 70 80 Supply 75 85 Demand 2 Demand 1 0 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 A) Suppose Demand 1 is the market demand curve. Further, suppose Demand 2 represents the market demand curve when there is a tax imposed on consumers. What is the per unit amount of the tax? What is the share of the burden of the tax? B) What is the total revenue collected by the tax? Will there be a dead weight loss as a result of the tax? If so, how large is it?