Suppose the government applies a specic tax to a good where the demand elasticity, e, is 1.1, and the supply elasticity, I], is 0.8. If a specific tax, "c, of $1 .25 were placed on the good, what is the price increase that consumers would pay? The price paid by consumers would increase by $D. (Enter your response rounded to the nearest penny. ,} The amount producers receive would decrease by $|:|. {Enter your response rounded to the nearest penny.) The tax incidence on consumers is |