TO- Now suppose that the Demand curve is actually slightly more inelastic, and the Supplycurve is actually much more elastic than in the previous graphs, as shown in the followingfigure. Notice that a $2/latte tax is still implemented.Venti Pumpkin Spice LattesP$7.50$6.50in$5$4.50$4.25$4$341014. What price will Consumers now have to pay for a PSL?: Pº = $15. What price will Producers now receive for a PSL, after the tax?: PP = $-16. How many PSLS will now be sold?: QLattes17. How much Consumer Surplus is created in this market?: CS = $-18. How much Producer Surplus is created in this market?: PS = $-19. How much Tax Revenue does the government receive in this market?:TAXREV = $.20. How much Dead Weight Loss is created in this market?: DWL= $.

(Since you have posted multiple sub-parts, we will answer the first three for you. If you want a…

- Now suppose that the Demand curve is actually slightly more inelastic, and the Supply curve is actually much more elastic than in the previous graphs, as shown in the following figure. Notice that a $2/latte tax is still implemented. Venti Pumpkin Spice Lattes $7.50 $6.50 $5 $4.50 $4.25 $4 $3 4. 10 Q 14. What price will Consumers now have to pay for a PSL?: P° = $- 15. What price will Producers now receive for a PSL, after the tax?: PP = $- 16. How many PSLS will now be sold?: Q = _ Lattes 17. How much Consumer Surplus is created in this market?: CS = $. 18. How much Producer Surplus is created in this market?: PS = $- 19. How much Tax Revenue does the government receive in this market?: TAXREV = $- %3D 20. How much Dead Weight Loss is created in this market?: DWL= $_