Explanation on how to do problem and what formulas to use

Consider the supply and demand functions graphed below. Price Supply 100 75 70 60 Demand 10 5 6 20 Quantity Suppose a demand-side tax is imposed. As a result of the tax, the new equilibrium quantity is 5. What is the price paid by consumers? What is the price received by producers? How much is the tax that was imposed? How much tax revenue is collected? Which side of the market pays more of the tax? This side of the market pays more of the tax because