The demand for milk is described by Qd=85-10P and the supply of milk is described by Qs = 10P. (Quantities are in gallons)

a. Calculate the total price paid by consumers and the total price received and kept by producers after a tax of .30 per gallon is levied on consumers. What is the tax burden on producers and on consumers?

b. Calculate the total price paid by consumers and the total price received and kept by producers after an ad valorem tax of 3% (.03) is levied on
producers. What is the tax burden on producers and on consumers?