Back to Assignment Attempts: Keep the Highest: 1 / 2 5. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 50 million bottles of wine were sold every month at a price of $6 per bottle. After the tax, 45 million bottles of wine are sold every month; consumers pay $8 per bottle (including the tax), and producers receive $5 per bottle. The amount of the tax on a bottle of wine is $ per bottle. Of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. O True O False Grade It Now Savh & Continue Continue without saving