7. Read the following NPR article about the solar power industry \"Solar Projects are on Hold as US. Investigates Whether China is Skirting Trade Rules\". Now consider a hypothetical market in the US market for Chinese solar panels, the inverse demand is P = 40 40D and the inverse supply is P = 10 + 2057 where P is the price per panel, QD is the quantity demanded and Q5 is the quantity supplied of Chinese solar panels. d. Suppose that the US government places a $6 tax per Chinese solar panel on the producers. 0 Equation for the inverse demand: 40 38 35 34 32 30 28 25 0 Equation for the inverse supply: e. What share of the $6 tax do consumers bear? Be precise - show your work and a number. f. What share of the $6 tax do producers bear? Be precise - show your work and a number. g. What do your answers to e and f have to do with elasticity that you calculated in part c? h. Professor Dence argues that, in theory, the tax on Chinese solar panels harms US consumers of solar panels equally as if the US government put the statutory incidence on the consumers. Is Professor Dence correct? Explain. 9 i. Draw simple supply and demand curves for the non-Chinese solar panel market in the US. Show how the tax on Chinese solar panels will affect the market for non-Chinese solar panels. j. Does the total surplus in the two markets change with the tax on Chinese solar panels? No exact calculations, just briefly explain your