the city of Indianapolis has contracted our services to analyze the impact of a potential $15 excise tax on airbnb rentals within the city limits. through their research, the city administrators have determined that most airbnb renters are from out of town. thus, they are considering this excise tax as a way to generate additional revenue for the city without taxing current residents of Indianapolis. however the city administrators would first like to better understand the impact that the tax will have on the welfare of renters, owners of airbnbs, and government tax revenue.

monthly demand and supply for them is qd=500-5p and qs=2p-60

provide the following:

a. price and quantity without tax

b. price and quantity with tax

c. govern. tax revenue without the tax

d. gov tax rev with the tax

e. consumer surplus without the tax

g. producer surplus with the tax

f. producer surplus without tax

g. who is the biggest benefiter and who is the biggest loser with the new tax