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The figure provided shows the market for bicycles. A graph shows supply and demand curves with Quantity of bicycles (per day) along the horizontal axis

The figure provided shows the market for bicycles. A graph shows supply and demand curves with Quantity of bicycles (per day) along the horizontal axis and Price of bicycles along the vertical axis. The demand curve has a negative slope, which starts at 2 bicycles, 400 dollars and ends at 8 bicycles, 100 dollars. The supply curve has a positive slope, which starts at 2 bicycles, 100 dollars and ends at 8 bicycles, 400 dollars. The curves intersect at 5 bicycles, 250 dollars. If an excise tax of $200 is imposed on the bicycle buyers, the incidence of the tax is a: $150 burden on consumers and a $50 burden on producers. $200 burden on consumers. $200 burden on producers. $100 burden on consumers and a $100 burden on producers

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