Please answer the question below and provide the graphs.  Thanks! Tattoo artists require licensing. Use a graph to show how a licensing requirement impacts the market for tattoo artists.  Show the market equilibrium if there are no license requirements and also show the market equilibrium with license requirements. What happens to consumer and producer surplus (and deadweight loss) when licenses are required?

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
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Please answer the question below and provide the graphs.  Thanks!

  1. Tattoo artists require licensing. Use a graph to show how a licensing requirement impacts the market for tattoo artists.  Show the market equilibrium if there are no license requirements and also show the market equilibrium with license requirements. What happens to consumer and producer surplus (and deadweight loss) when licenses are required? 
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