consider the market for soccerball shown in the graph below. the market is initially at equilibrium at a price of $28 and a quantity of 70.

Price $40 Supply 34 28 26 Demand 24 35 70 Quantity Market for soccer balls (text description (https://psu.instructure.com/courses/2282245/files/152004972? wrap=1)_) What is the value of producer surplus when this market is in equilibrium? 315 Suppose the government implements an $8 tax on each soccer ball that producers are responsible for paying. What proportion of the tax do producers actually pay (tax incidence)? Write your answer as a fraction (such as 5/6). |0 Suppose the government implements an $8 tax on each soccer ball that consumers are responsible for paying. What proportion of the tax do consumers actually pay (tax incidence)? Write your answer as a fraction (such as 5/6). 8 When the government implements an $8 tax on each soccer ball that producers are responsible for paying, what is the value of producer surplus? 355 Assume the market is in the initial equilibrium (with no taxes). If the government implements a price floor of $26, what is the value of producer where to