5. Calculating tax incidence Suppose that the local government of Jacksonville decides to institute a tax on cider consumers. Before the tax, 25 million cases of cider were sold every month at a price of $11 per case. After the tax, 20 million cases of cider are sold every month; consumers pay $14 per case (including the tax), and producers recelve $6 per case. The amount of the tax on a case of cider is per case. Of this amount, the burden that falls on consumers is case. per case, and the burden that falls on producers is True or False: The effect of the tax on the quantity sold would have been smaller if the tax had been levied on producers. True False