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Consider the tollowing market demand and market supply functions: on = 1, son 50p and Q5 = 5m + 5UP, where P denotes the price level and Q the quantity level. (6.} Compute the marl-rel equilibrium price and quantity, consumer surplus, and producer surplus. [6 marks) (b) Assume that a quantity.r tax t equal to 4 is imposed on producers. Compute the market equilibrium price and quantity, consumer surplus, and producer surplus. (7 marks) (c) What is the incidence oT the tax in part b (i.e., howthe tax is shared between consumers and producers)? Compute the deadweight loss of this tax and show that this loss is equal to the d'rlTerence between the sum of the losses in consumer surplus and producer surplus minus tax revenues