1. Suppose the market demand for rutabagas is Q_D= 10 - 0.25P and the Q_S= 0.15P,where P is the price per box of rutabagas and Q measures the quantity of boxes. Suppose the government assesses a rutabaga tax of $5 per box on the sellers of rutabagas. What is the relative burden of this rutabaga tax between buyers and sellers?
2. A.consumers pay 62.5% of the tax and sellers pay 37.5%
3. B.consumers pay 50% of the tax and sellers pay 50%
4. C.consumers pay 37.5% of the tax and sellers pay 62.5%
5. D.sellers pay 100% of this tax because the government accessed the tax on sellers.