Use the following to answer question: 
-(Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans.The government recently levied a $10 tax on the producers of blue jeans.What area or areas in the graph identify the loss of consumer surplus due to the tax?
Definitions:
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not influence future business or personal decisions.
Escalated Commitment
A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.
Risky Shift
The tendency for groups to make riskier decisions than the average risk initially advocated by their individual members.
Faulty Hindsight
The misinterpretation or incorrect analysis of past events, often seeing them as more predictable than they actually were.
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