Question 5. Economic surplus without and with a tax (9 points) The following equations describe supp
Question 5. Economic surplus without and with a tax (9 points) The following equations describe supply and demand in a market. la = 1800 – 2Pd S Qs = -200 + 3P a) Calculate the equilibrium quantity and price. (2 points) Assume a tax, t = 50, is imposed on the market. b) Calculate the new equilibrium quantity and consumer price. (2 points) c) Calculate the total tax amount collected from this market. (2 points) d) Calculate the dead weight loss from using the tax. (3 points)