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Suppose a $12 tax is imposed on sellers of this good. 22 points Save Answer 6 12 18 24 30 36 42 48 54 60

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Suppose a $12 tax is imposed on sellers of this good. 22 points Save Answer 6 12 18 24 30 36 42 48 54 60 66 72 Q a. How much is the burden of this tax on the buyers in this market? show the work (5 points) b. How much is the burden of this tax on the sellers in this market? show the work (5 points) c. Use your answers in parts "a" and "b" and compare the price elasticity of demand and the price elasticity of supply at the equilibrium point. which one is greater? why? (6 points) d. Generally, How the Burden of a tax for buyers and sellers are related to their price elasticity?( 6 points)

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