Price (dollars per tire) 70 60 50 40 30 20 10 S+ tax D 0 10 20 30 40 50 60 70 Quantity (millions of tires per month) Based on the graph above answer the following questions: 1. What is the size of the tax? 2. Who is paying the tax? Explain 3. Based on your answer to #2 are consumers or producers more elastic? Explain 4. How much tax revenue is being generated? 5. What goes into evaluating the efficiency of a tax? What type of goods are most efficient to tax? Provide an example.