Supply and Demand Graph with Tariff

Explore this economic graph depicting the classic supply and demand model, specifically showcasing the impact of a tax or tariff on market dynamics. The diagram clearly labels how consumer surplus and producer surplus are affected, the portion collected as tax revenue by the government, and the resulting societal loss, often referred to as deadweight loss, illustrating the inefficiency introduced by such interventions.

economics - supply - demand - tariff - deadweight loss - market analysis