30 Points Question 5 The compensated price elasticity of demand for good X is - 5. The current price of the good, whose supply is infinitely elastic, is $10. Purchases of the good equal 100 units. Government introduces a tax rate of 10% (0.10) on the purchase of the good A) Compute the excess burden of this tax B) Take as given the information about good X. Suppose there is a second good, Y, whose compensated price elasticity is . 25. To minimize the excess burden from these two taxes, while collecting a specific positive amount of revenue, what is the tax rate that should be imposed on good Y. Use the editor to format your answer 30 Points Question 5 The compensated price elasticity of demand for good X is - 5. The current price of the good, whose supply is infinitely elastic, is $10. Purchases of the good equal 100 units. Government introduces a tax rate of 10% (0.10) on the purchase of the good A) Compute the excess burden of this tax B) Take as given the information about good X. Suppose there is a second good, Y, whose compensated price elasticity is . 25. To minimize the excess burden from these two taxes, while collecting a specific positive amount of revenue, what is the tax rate that should be imposed on good Y. Use the editor to format your