Suppose demand for domestic airline tickets is given by P = 800 - 3Q and supply is given by P = 10 + 2Q. The government, in an attempt to encourage Australians to consider driving instead of flying, decides to impose a $50 tax on plane tickets to be paid by consumers.a) What is the pre-tax equilibrium price of a domestic airline ticket? b) How much more will consumers pay for a ticket after the tax is imposed? c) Who bears the greater burden of the tax? Why? d) How much revenue will this tax generate for the government? e) How much economic surplus will be lost due to the imposition of the tax?C) Who bears the greater burden of the tax? Why? Consumers; demand is more inelastic than supply Consumers; demand is more elastic than supply Producers; demand is more inelastic than supply Producers; demand is more elastic than supply