Suppose the market for Cheerwine is in equilibrium at $15 and 100 units. The government has decided to assign a $5/unit tax to cheerwine. If this tax is absorbed by producers, the quantity supplied will fall to 75 units. If this tax is passed on to consumers through higher prices, quantity demanded will fall to 90 units. Who will ultimately pay the tax? Question 22 Answer a. Neither consumers or producers will pay the tax b. Producers c. They will share the tax equally d. Consumers