In the early 1990s, the State of New Jersey was facing a budget crunch. The governor then (who is now running for mayor of Jersey City) proposed that the State place a sales tax on truck tires sold in New Jersey. What do most people who are in the market for truck tires (the demand side) have in common? How big is New Jersey in area, as states go? What was the likely incidence of the taxwould it have been mainly on sellers of truck tires (the supply side) or buyers of truck tires (the demand side)? Explain why. Use your answers to the first two sub-questions. When this tax was enacted, proponents multiplied the number of truck tires sold in NJ in the previous year by the amount of the tax to estimate the revenue it would yield. How do you think the actual revenue compared with the projection