Suppose the government increases the excise tax on gasoline by...

Suppose the government increases the excise tax on gasoline by $0.2, which is imposed on the seller (the seller has to pay the tax to the government).. The equilibrium price was $1.00 and the equilibrium quantity sold was 5 mio. gallons before the taxes were increased. The new equilibrium price is $1.1 and the new equilibrium quantity is 4 mio. gallons.

a) Calculate the change in consumer surplus (Loss of Consumers) - enter answer as a numerical value. Answers should be in millions, so 200000 should be entered as 0.2: