please show full steps and diagrams for 5* rating ! The demand function for ciga

Question

please show full steps and diagrams for 5* rating !

The demand function for cigarettes is Qd=80-10P, and the supply function for cigarettes is QS=10P. Draw the demand curve and the supply curve for cigarettes. Solve for the equilibrium price and quantity of cigarettes, indicate the equilibrium price and quantity on your diagram. If the government imposes a tax of $2 per pack, Find the new equilibrium price and quantity, and calculate consumer and producer surplus, tax revenue and deadweight loss in this market. How is the tax burden shared between consumers and producers?

Explanation / Answer

I have shown in your other question how to find an equilibrium price and quantity;

In this case: Peqm= 4 and Qeqm = 40

now, if govt. imposes tax of $2, the process is shown in the picture attached in the next segment

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