5. Calculating tax incidence Suppose that the local government of Raleigh decides to institute a tax on cider producers. Before the tax, 60 billion cases of cider were sold every year at a price of $11 per case. After the tax, 54 billion cases of cider are sold every year; consumers pay $14 per case, and producers receive $7 per case (after paying the tax). The amount of the tax on a case of cider is burden that falls on producers is per case. Of this amount, the burden that falls on consumers is S per case, and the per case. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on consumers. True False Grade It Now Save & Continue Continue without saving