Economics 425 Homework 3a) What is the incidence of the tax on consumers/producers?b) A $2.00 tax is levied on producers AND a $2.00 tax is levied on consumers. If the tax is split between the two parties our definitions of gross price/ after-tax price dont quite fit. But the idea is the same. Find the price that consumers must pay to acquire the good. Find the price that producers ultimately receive for the good. What is the incidence of the tax on consumers/producers?c) If you havent already use the elasticity version of the formula for tax incidence. The price and quantity to measure the elasticity at is the original pre-tax equilibrium.