1) What is the price and quantity at equilibrium?

demand curve: Q_D=100-3p

supply curve: Q_S=2p.

2)Suppose that the government now imposes a specific tax of 5 to be paid by consumers.

This means that consumers now pay p+ 5 while producers receive p.

Calculate these new prices.

**What fraction of the tax is paid by consumer versus producers? (That is, find the tax incidence where consumers pay X/Z of the tax while sellers pay Y/Z of the tax)