5. In 2011I Americans smoked 16 billion packs of cigarettes. They paid an average retail price of $5.00 per pack. The elasticity of supply in the short run is 0.5 and the elasticity of demand is 0.4. (a) Cigarettes are subject to a federal tax, which was about $1.00 per pack in 2011. Using the formula described in class} how much of the federal tax will consumers pay? How much will producers pay?I