2. Suppose demand and supply are given by Qdz = 7-P, and Qsz = P - %3D --ice G. Show the existing and new equilibrium graphically, given that there is an excise tax imposed on the good. Also, interpret your graph briefly (1 to 2 sentences only). d. Given the $6 excise tax, how much is the consumer and producer surpluses? Interpret your result (1 sentence only). e. Given the $6 excise tax, how much is the deadweight loss? Interpret your result (1 sentence only). C.

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.