Please enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. No other punctuation is required (ex: commas) within your numerical response.

Suppose the demand and supply curves for bauxite in a country are as follows, where p is $ per ton and Q is thousands of tons per year:

Q_D = 5000 - 3p_B Q_S = 1000 + 5p_S

• Calculate market equilibrium p*: _____ $
• Calculate market equilibrium Q*: ____ thousand tons

Suppose a tax of $400 per ton is introduced to the market (above), collected from the sellers:

• Calculate net-of-tax equilibrium price paid by buyers: $ ____
• Calculate net-of-tax equilibrium price received by sellers: $_____
• Calculate after-tax equilibrium quantity of bauxite: ______thousand tons
• Of the $400 per ton in tax, how much is paid by sellers? $ _____