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If supply and demand in a market are given by the following equations: Qs = 250P Qp = 1500 - 125P Suppose the government imposes a tax on buyers and it causes the new price paid by buyers in the market to be $8. (Hint: A tax graph can help you visualize how to answer the remaining questions] h) (2 points) What is the incidence of the tax?

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If supply and demand in a market are given by the following equations: Qs = 250P Qp = 1500 - 125P Suppose the government imposes a tax on buyers and it causes the new price paid by buyers in the market to be $8. (Hint: A tax graph can help you visualize how to answer the remaining questions] g) (1 point) How much tax revenue will the government receive?

If supply and demand in a market are given by the following equations: Qs = 250P Qp = 1500 - 125P Suppose the government imposes a tax on buyers and it causes the new price paid by buyers in the market to be $8. (Hint: A tax graph can help you visualize how to answer the remaining questions] f) (1 point) What is the tax per pound?

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