Question: Hello, can you please help me with this micro question. Thank you and much appreciated! Specific Tax Incidence. Consider a perfectly competitive market in which

Hello, can you please help me with this micro question. Thank you and much appreciated!

Specific Tax Incidence. Consider a perfectly competitive market in which the market demand curve is P(Q) = 314 - 3.5Q and the market supply curve is P(Q) = 1.5Q. Suppose the government imposes a specific tax of $47 per unit. What percentage of this tax will be paid by the producers? The producers will pay |% of the tax. (Round your answer to the nearest whole number)

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