1. Consider a market described by the following equations: Gd 2 a + BP 03 = 0, is imposed on this market that has to be paid to the government by buyers. Show in a clearly labeled supply and demand diagram what happens to the equilibrium price received by sellers, and the effective price paid by buyers. Label the price received by sellers by P*(I) and the price paid by buyers by P*(r)+1r. c. Set up the equilibrium condition, plugging P* (T)+T into the demand function side, and P* (T) into the supply function side Solve for the price paid by buyers, the price received by sellers, and the after tax equilibrium quantity in terms of the parameters of the model and the tax amount T.d. Using calculus and the equation that you found for P: in part b, find an expression for the tax incidence on the sellers and determine its sign