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. Regardless of the size of the tax, the incidence of the tax will be borne: mostly by consumers because consumers care the most about bicycles. mostly by producers because producers care the most about bicycles. equally by consumers and producers because the elasticities of supply and demand are equal. mostly by consumers because producers are able to pass on the tax