The supply and demand for dog clothing is given by OD: 500 10F and (25 = SP 25 5. What is the equilibrium price and quantity? Q*= 150 p*= 35 6. Suppose a tax of $12 per unit is imposed on sellers in the market. The equilibrium price and quantity are now Q'= 110 p'= 39 7. {2 points) The tax burdens (per unit bought or sold) are Burden on Buyers = 4 Burden on Sellers = 8 8. Which of the following accurately describes how the burden is divided in general? a. More of the burden always falls on the group who pays the tax b. The burden of a tax is always divided equally between buyers and sellers (2. The more elastic of the curves will bear more of the burden d. The more elastic of the curves will bear less of the burden e. More of the burden falls on the curve that is flatter on the graph