Prior to any taxes, the equilibrium price of gasoline is $3 per gallon. Then a $1-per-gallon tax is levied. As a result, the price of gasoline rises to $3.75 per gallon. The incidence of the $1 tax is paid by consumers and paid by producers. $0.50; $0.50 $0; $1.00 $0.75; $0.25 $0.25; $0.75