1. Understanding the implications of taxes on welfare The following graph represents the demand and rupply for blinkies (an imaginary product), The black point (plus symbel) indicates the pre-tak equiboritm. Sopgose the governmert has juat decided to impose a tax on this marbert the grey pointa (atar symbol) indicace the afoertax rotaurie. Cemplers the fodoung ratle, given the worntation, pretwithd at the graph.