If. Effect ufa lax an buyers and sellers 111a follpwing glaph shows the flail!I market for jeans. Suppose the government institutes a tax of $11.60 per pair. This places a wedge between the price buyers pay and the price sellers receive. 51: 45 41: 3 \"as + "w\" i D. is: TaxIIIIE |\\/ E % 25 +*+ E L\" 21: U E 15 10 5 Demand I] I I I | I | I I umznaudoanmruauou-Inn QUANTITY [Pairs 01 jeans) Fill in the Following table with the quantity sold, the price buyers pay, and the price sellers receive helium and after the tax. Quantity Price Buyers Pay Price Sellers Receive (Pairs ofjeans) (Dollars per pair) ( Dollars per pair) wow :I E E :l E E After Tax Using the data you entered in the previous table, aalcuiate the tax burden that falls on buyers and on sellers, respectively, and calculate the price elasticity of demand and supply over the relevant ranges using the midpoint method. Enter your resuim in the Following table. Tax Burden {Dollars per pair) Elasticity Buyers V E _ Sellers \\:| V The burden of the tax Falls more heavily on the V elastic side of the market. Continue without saving