Assume that the Government puts a tax of 10$ per kg on all pork meat consumption.

a)Graphically show the effect of the consumption tax on the equilibrium price and quantity.

b)Compute the price paid by consumers P_D, the price received by producers P_S, and the quantity traded Q^T, after the Government's tax has been instituted.

c)Discuss the welfare implication of the tax.

d)Explain who bears most of the tax burden, the consumers or the suppliers? Why?