4. (15 pts) Despite all the evidence to the contrary, the Cincinnati city government believes that there is about to be a massive increase of interest in Bengals games and places a $5 surcharge (a.k.a. a tax) on the limited parking near Paul Brown Stadium. The government doesn't want to upset fans, though, so it levies the tax on the owners of parking lots. The demand for parking is QP =3000 - 100P, and the supply of parking is Q $ = -2000 + 400P, where both Qs are the number of parking spaces and P is the price of parking. A. Taxes almost always have some cost to society in the form of inefficiency. How many fewer parking spaces are used because of the tax? What is the price that drivers pay including the tax? How much revenue does the tax raise for the city? How much deadweight loss is created by this tax? B. The city government tried to stick the tax bill with parking lot operators. Who actually pays the tax? What percentage of these tax revenues is borne by suppliers? C. Recall that the economic incidence of taxes is determined by the relative elasticities of consumers and producers. Does the solution to this problem seem reasonable to you? Why or why not