Suppose the current equilibrium price of a good is $10, the elasticity of demand is 0, and the elasticity of supply is 2. If the government levies a $1 tax on the supplier, calculate the new equilibrium price and the percentage of the tax borne by both the demander and the supplier of the good.

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The Answer of Suppose the current equilibrium price of a good is $10, the elasticity of demand is 0, and the elasticity of supply is 2. If the government levies a $1 tax on the supplier, calculate the new equilibrium price and the percentage of the tax borne by both the demander and the supplier of the good.

Suppose the Current Equilibrium Price of a Good Is $10