Question 1 1 pts Suppose the demand for a product is given by P . 40 - 4Q. Also, the supply is given by P = 10 + Q. If a $10 per unit excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good. O $6 O None of these $4 O $16 O $24 Question 2 1 pts Suppose the demand for a product is given by P = 40 - 4Q. Also, the supply is given by P = 10 + Q. If a $10 per-unit excise tax is levied on the buyers of a good, then after the tax sellers will receive for each unit of the good. O $6 O $4 None of these $24 O $16 Question 3 1 pts Suppose the demand for a product is given by P = 40 - 4Q. Also, the supply is given by P = 10 + Q. If a $10 per-unit excise tax is levied on the buyers of a good, what proportion of the tax will be paid by the buyers? 0% O None of these Q 80% 20% O 25%