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Consider the labor market

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Consider the labor market. Suppose the government imposes an income tax. 1. Draw the supply-and-demand diagram after tax. In your graph, show the following: a. size of the tax (T) b. number of workers without tax c. number of workers with tax d. equilibrium wage without tax. e. after-tax wage employers pay. f. after-tax wage workers receive. 2. In your graph in question 1, use alphabets to locate relevant areas. Then fill out a table like below. Indicate the deadweight loss due to tax. Without Tax With Tax Change Consumer Surplus Producer Surplus Tax Revenue Total Surplus Briefly explain why there is deadweight loss.