Urgent need problem help for this midterm assignment

PROBLEM #4 This problem is a continuation of the analysis of the brand-name drug market in Problem #3. Suppose that the government imposes a $10 tax on the brand-name drug in Problem #3. Specifically, sellers are required to submit to the government $10 per bottle sold. (Assume that today's price of a generic bottle of the drug is $110, that the price of herbal tea is $14 per pound, and that the average hourly wage in the region is $18, as given in Problem #3, and that health insurance still does not cover this drug.) Find the price elasticity of demand, and the price elasticity of supply, for the brand-name drug. State whether demand and supply are elastic, inelastic, or unit elastic. Now find the impact of this tax policy on the price that consumers will have to pay after the tax policy is implemented. Find the final net price that suppliers will receive per bottle after they have submitted the tax to the government. Calculate the percentage tax burden borne by consumers and suppliers. Briefly explain how these burdens are consistent with the relative elasticities of demand and supply that you found