1. Tax Burdens. Suppose that the Shiba inu industry has a demand curve of Q = 200 - 2P and a supply curve of Q = 5 + P/2.

(a) Find the equilibrium price and quantity for this market.

(b) A tax of $15 is imposed on producers in this market. Find the economic incidence for the consumers and then for the producers.

(c) Make a diagram below illustrating the impact of the tax (e.g. plot D, S, label the quantities before and after, etc.)

(d) Find the deadweight loss (DWL) that results because of the tax.