Refer to the graph shown. Assume the market is initially in equilibrium at point b in the graph but the imposition of a per-unit tax on this product shifts the supply curve up from S0 to S1. The lost producer surplus of this tax is equal to the area: 
Definitions:
Entrepreneur
A person who introduces new products or improved technologies and decides which projects to undertake. A successful entrepreneur’s actions will increase the value of resources and expand the size of the economic pie.
Financial Capital
Economic resources measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services.
Law Of Supply
The principle that, all else equal, an increase in the price of goods will lead to an increase in the quantity supplied.
Good
An item or service that satisfies human wants and provides utility, which can be transferred or sold.
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